Far East Group closes down Penang subsidiary

FEE Penang had been dormant since selling its property in 2024.

Far East Group Limited is winding up its dormant subsidiary Far East Enterprise (Penang) Sdn Bhd (FEE Penang).

FEE Penang’s sole source of revenue is rental income from a single property, which was sold in end-2024. FEE Penang has remained dormant since the sale.

Far East Group has a 93.88% indirect stake in FEE Penang.

Lau Chin Lee of PY Management Services Sdn. Bhd. had been appointed as liquidator for FEE Penang.

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