Dong Nai Waterfront City has the right to develop a 170-hectare township in Vietnam’s Dong Nai Province.
Keppel Land’s wholly-owned subsidiary Portsville is divesting its remaining 30% interest in Dong Nai Waterfront City in Vietnam to Nam Long Investment Corporation for a total consideration of VND 1,951 billion ($115.9 million).
The consideration will be paid out in cash to Portsville in two tranches.
