The Zhitong Finance App learned that the resumption of trading by Far East Hotel Industry (00037) soared by more than 42%. As of press release, it rose 42.86% to HK$2, with a turnover of HK$5.176,000.
According to the news, Far East Hotel Industry announced that the group's proposed comprehensive development application on Jiuhua Road in Kwai Chung has been approved by the City Planning Committee, but certain conditions must be met. According to the announcement, the land area applied for is about 48313.167 square meters, including about 54% of private lots and about 46% of government land. The proposed development projects approved in the latest revised outline development blueprint aim to provide a total of 5,973 residential units.