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Adventus in JV to develop $14 mil Vietnam resort

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Adventus in JV to develop $14 mil Vietnam resort

PC Lee Published on Mon, Jan 08, 2018 / 5:55 PM GMT+8

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SINGAPORE (Jan 8): Adventus Holdings is jointly developing a resort in Vietnam to establish a toehold into the country's hotel sector.

Adventus is an investment holding company that engages in property investment and development, hospitality, project management activities as well as commodities and mineral resources businesses in Asia.

ADV S2, a wholly-owned subsidiary of Adventus, will acquire a 51% stake in Hoi An Pearl Joint Stock Company (HAP) for US$2.474 million ($3.3 million).