CapitaLand buys prime residential site in Ho Chi Minh City
Company has paid 62 per cent of the about S$81.4m purchase price
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Singapore
CAPITALAND has bought a 60,732 square metre prime residential site in Ho Chi Minh City, Vietnam, for 1.38 trillion Vietnamese dong (S$81.4 million) in cash, the property developer said on Thursday during the midday trading break.
Under the deal, CapitaLand's wholly owned subsidiaries, CVH Sparrow, CLV Investment 2 and CLV Investment, have acquired 100 per cent of the charter capital of BCLand Joint Stock Co from parties unrelated to CapitaLand.
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