FLC buys Alaska Garden City stake

tohang

Alaska Land, investors of urban area project Alaska Garden City, sold 99 per cent of its stake to FLC Group for VND300 billion (US$14.285 million) on Thursday.

HA NOI (Biz Hub)— Alaska Land, investors of urban area project Alaska Garden City, sold 99 per cent of its stake to FLC Group for VND300 billion (US$14.285 million) on Thursday.

The urban area - with a total investment of VND3.5 trillion ($166.7 million) - covers 7,895ha in Dai Mo Commune, Tu Liem District.

The project is scheduled to begin construction at the end of this year and be completed in 2017. — VNS

  • Share:

see also

New stock trading system to go live on May 5

New stock trading system to go live on May 5

The platform is expected to offer a wider range of functionalities, laying the groundwork for the introduction of new products and services.
Equitisation faces major challenges to meet target

Equitisation faces major challenges to meet target

No enterprise was equitised in 2023, 2024 or in the first quarter of 2025, leaving the full number of 30 State-owned enterprises needing to be equitised in the remaining months of 2025.
Domestic oil rig demand set to soar with new projects

Domestic oil rig demand set to soar with new projects

The PV Drilling 8 rig, newly acquired in 2024, is slated to commence operations in Việt Nam by September, while PV Drilling 6 will return from overseas to serve a contract in mid-2027.
Market extends recovery as foreign investors return to bottom-fishing

Market extends recovery as foreign investors return to bottom-fishing

At the close, the VN-Index rose by 12.35 points, or 1.02 per cent, to 1,223.35 points. Market breadth remained positive, with 200 gainers outpacing 102 decliners.
Investment funds seize opportunities amid market correction

Investment funds seize opportunities amid market correction

While short-term fluctuations will undoubtedly impact fund performance, experts advise investors against attempting to trade mutual funds for quick profits.