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Keppel Land: Strengthen Collaboration With Phu Long With Landed Housing Project In Saigon South, Ho Chi Minh City.
30 May 2021 08:01Keppel Land Limited, through its wholly-owned subsidiary, VN Prosperity Pte. Ltd., is acquiring a 60% interest in Phuoc Kien Construction Investment Joint Stock Company, which holds a land parcel in Nha Be district, Saigon South, Ho Chi Minh City, from Phu Long Real Estate Joint Stock Company, for a total consideration of VND367.5 billion, approximately S$21.6 million. Upon completion of the acquisition, Phu Long and its related party will hold the remaining 40% interest in the company. The completion of the acquisition is subject to the satisfaction of conditions precedent and is expected to take place by June 2021...
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Source: ShareInvestor Express
