SkyWorld buys 1.3-acre land in Ho Chi Minh City for RM68mil

KUALA LUMPUR: Skyworld Development Bhd’s wholly owned subsidiary, SkyWorld Development (Vietnam) Company Limited (SkyWorld Vietnam) has proposed to acquire 1.3 acres of land in Ho Chi Minh City, Vietnam for RM67.9mil cash.

The developer said it acquired the land by way to purchasing 100% stake or 1.7 million shares of 100,000 Vietnamese dong in Thuan Thanh Trading Production and Real Estate Trading Joint Stock Company (the project company) for 350 billion Vietnamese dong or RM67.9mil.