KBIL intends to develop a land lot with an approximate area of 136,450 sqm in Bac Ninh Province, Vietnam that will be handed over to Minh Quang from the second half of 2024 onwards.
Boustead Projects’ (SGX:AVM
) has announced the proposed acquisition of all the issued and paid-up shares of Minh Quang Industrial Development Joint Stock Company by its joint venture KTG & Boustead Industrial Logistics Joint Stock Company (KBIL).
On Dec 12, KBIL entered into a sale and purchase agreement for the acquisition of 3.3 million ordinary shares in Minh Quang for VND261.9 billion or US$10.7 million ($14.3 million).
