FLC buys Alaska Garden City stake

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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

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