Gamuda unit acquires Binh Duong land for development project

KUALA LUMPUR: Gamuda Bhd's Vietnam sub-subsidiary Gamuda Land HCMC Joint Stock Company has acquired residential land in Binh Duong New City for US$53.88mil (RM228.5mil) as the site for a mixed-development project.

It said in a statement that the plot of land measuring 13.8 acres (5.6ha) is a part of a 2,600-acre integrated township set to be the administrative centre of Vietnam's affluent Binh Duong province.