PETALING JAYA: Skyworld Development Bhd
’s wholly-owned subsidiary, SkyWorld Development (Vietnam) Company Ltd had entered into a memorandum of understanding (MoU) with Dong Me Kong Construction Manufacture Trading Service Company Ltd and Phu My Development Investment Joint Stock Company, to negotiate on developing a residential project in Ho Chi Minh City, Vietnam.
In a filing with Bursa Malaysia, SkyWorld stated the negotiation period with the two parties is prior to the signing of a tripartite conditional joint development agreement (CJDA) to jointly develop the Project Residential Complex No 13D located at D13, Phong Phu Commune, Binh Chanh District in Ho Chin Minh City.
