Asia

Suncity finalized the acquisition of 34% stake in Vietnam IR

Published

7 years ago

August 31, 2018

George Miller

Suncity finalized the acquisition of 34% stake in Vietnam IR

Photo Credits: Asian Coast Development Limited

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Suncity Group Holdings Ltd has announced the acquisition of its 34% stake in Central Vietnam integrated resort project Hoiana.

Aftermultiple delays while the firm finalized its financing, Suncity finally announced in a filing to the Hong Kong Stock Exchange this week that the deal was completed on 28 August – almost 10 months since shareholders first green-lighted the deal in November 2017.

Hoiana is expected to host entertainment and retail facilities, a casino with 140 tables and 1,000 slot machines, a golf course clubhouse, a mass market hotel with 313 hotel rooms, an all-suite hotel with 136 suites, 30 villa units for sale and timeshare rental, a hotel villa resort with 70 units, and a condo-hotel with 236 rooms for sale and timeshare rental and will open in mid-2019.

Source: Focus Gaming News

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George Miller

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.