In addition, APAC Realty will subscribe for 1,225,800 new shares in ERA Vietnam Realty, representing 38% of the enlarged issued share capital for a consideration of $1,499,900.
SINGAPORE (Feb 26): Real estate services provider APAC Realty has today acquired a 38% interest in ERA Vietnam for $1.5 million, providing the group with access to Vietnam’s vibrant real estate market.
APAC Realty will acquire 304,000 shares or 38% of Eurocapital Joint Stock Company (Eurocapital) from Terra Partners Vietnam Joint Stock Company and KTP & Partners Company Limited for a total nominal consideration of $100. Eurocapital was granted the exclusive franchise rights for Vietnam by APAC Realty under a 25-year ERA Master Franchise Agreement for Vietnam from May 12, 2017.
