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Suncity finalized the acquisition of 34% stake in Vietnam IR

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Suncity finalized the acquisition of 34% stake in Vietnam IR
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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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