All-in wager on Vietnam’s property sector. Gamuda is acquiring a 60% stake in Tan Thang Company (Tan Thang) from Sai Gon Thuong Tin Real Estate Joint Stock Company (Sacomreal) for US$82.8m (RM273m). Tan Thong holds the development rights for a piece of land measuring 204 acres at Son Ky Ward, Tan Phu District, HCMC, Vietnam. Tan Thong has secured the key approvals from the authority to develop the land into a township with a total GDV of RM6bn over seven years.
Gamuda Berhad : Acquiring A 60% Stake In A Property Project In HCMC, Vietnam, for US$82.8m - 11/03/2010
No comments:
Post a Comment