The group said its wholly-owned subsidiary, Berjaya Leisure (Cayman) Ltd, is divesting the 80% stake in Berjaya-Handico12 Co Ltd (BHandico12) to two Vietnamese firms, namely Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC.
The group has, via its wholly owned SkyWorld Development (Vietnam) Co Ltd (SkyWorld Vietnam), inked a memorandum of understanding (MOU) with Dong Me Kong Construction Manufacture Trading Service Co Ltd (DMK) and Phu My Development Investment Joint Stock Company (PM) for the purpose.
The recent Asia Real Estate Leaders study trip revealed multi-faceted insights into the Vietnam property landscape, giving a clearer picture on how opportunities could be gleaned amidst challenges including local demand, bureaucratic red tapes and indefinite legislations.
Eaton Park is located 6.
The group said its wholly-owned unit, SkyWorld Development (Vietnam) Company Ltd, has entered into a memorandum of understanding (MOU) with SkyVenue Land Group Joint Stock Company, SkyBridge Company Ltd and the shareholders of SkyVenue to jointly develop the remaining plots of the Guocoland Commercial Complex project in Thuan An City.
The company said it acquired the land by way to purchasing 100% stake or 1.
The company said this mixed-use development site has a projected gross development value (GDV) of US$1.
Since the launch of the first project in 2014, SkyWorld has scored a take-up rate of 98%, for which executive chairman Datuk Seri Ng Thien Ping attributed to the group’s strategy of delivering the right product with right pricing and at the right location, coupled with good quality and workmanship.
The enlarged issued share capital of approximately one billion shares will translate to a market capitalisation of approximately RM800 million.
The Parkson group set foot in Vietnam in 2005 and developed a premium shopping mall chain in the major cities of Ho Chi Minh City, Hanoi and Haiphong.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
