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| Vincom Center A locates in the centre of HCM City. — Photo Vingroup |
HA NOI (Biz Hub) —Vingroup Joint Stock Company (Vingroup) has sold Vincom Centre A for US$ 470 million to Viet Nam Infrastructure and Property Development Group (VIPD).
Under the deal, Vingroup transferred its entire capital in Future Company, one of its members, which owns Vincom Centre A in the most central area of HCM City.
Vincom Centre is a high-end real-estate complex with 15 floors containing a shopping centre and a five-star luxury hotel.
VIPD is an investment company operating in real estate investment and development. It owns an area of 1.1 million square metres of land in prime locations throughout Viet Nam, including Ho Chi Minh and Da Nang cities.
Credit Suisse is Vingroup's financial advisor for the deal.—VNS