VNPV will acquire 65% interest in the project company for an aggregate consideration of approximately VND1.23 trillion ($70 million), subject to completion adjustments. The consideration will be payable in cash in two tranches. Binh Minh Investment and Trading Development Joint Stock Company will hold the remaining 35% interest.
Keppel Corporation announced that Keppel Land’s wholly-owned subsidiary VN Prime Vietnam (VNPN) is acquiring a 65% stake in company to be incorporated (project company) which will hold a retail property in Hanoi, Vietnam.
The Project is part of a mixed-use commercial development, which is under construction and slated for completion in 2025.
