DOJI Group has became a major shareholder and strategic partner of Bamboo Capital after acquiring a 10 per cent stake (10.8 million shares).

Pham Minh Tuan, deputy CEO of BCG, said: “DOJI becoming BCG’s strategic partner marks a milestone in co-operation between the two. BCG expects to have opportunities to work with DOJI in the real estate and solar energy sectors, our two main fields, over the next five years.”

BCG's real estate projects in Quang Nam and Da Nang will see construction begin in early 2018.

Once completed in about 18 months they are expected to generate significant revenues.

BCG, which is listed on the HCM City Stock Exchange, is now completing legal procedures for the construction of small and medium-sized solar power plants in Long An, Quang Nam and Dak Lak provinces in the second quarter of 2018.

DOJI is well-known for gemstone quarrying and processing, jewellery production, import and export and trading of gold bars, and jewellery store chain.

Since 2011 it has also been expanding into real estate, tourism and banking and finance. — VNS