The Zhitong Finance App learned that Far East Hotel Industry (00037) rose more than 6%. As of press release, it rose 3.77% to HK$1.10, with a turnover of HK$3.57 million.
According to the news, the company announced on July 14 that the group's proposed comprehensive development application at Kwai Chung's Kowloon Wah Road has been approved by the City Planning Committee, but certain conditions must be met.
According to the company announcement, the land area applied for is about 48313.167 square meters, including about 54% of private land and about 46% of government land. Most of the private lots in the application site (about 69.2% of the land area of the private lot) are wholly or partially owned by the applicant. The proposed development project in accordance with the approved latest revised outline development blueprint aims to provide a total of 5,973 residential units.
Furthermore, according to the latest equity disclosure data from the Stock Exchange, on July 14, Far East Hotel Industrial received an increase of 1.494 million shares at an average price of HK$1.05 per share at an average price of HK$1.05, involving about HK$1,5687 million. After the increase in holdings, Lu Yujian's latest shareholding amount was 386.54 million shares, and the shareholding ratio increased from 4.94% to 5.14%.