United Overseas Australia proposes building Vietnam mixed used development with $21.1 mil acquisition

SINGAPORE (March 20): United Overseas Australia is planning to acquire a 50% interest in a special purpose vehicle to develop a mixed used apartment building complex in Ho Chi Minh City, Vietnam.

To be made through UOA Investments, its wholly-owned Singapore-based subsidiary, the cost of the acquisition will be A$19.5 million ($21.1 million).

United Overseas Australia is engaged in the land development and resale of residential and commercial land and buildings primarily in Malaysia.

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