The Republic of Korea's flag carrier Asiana Airlines said that it will buy a 50 percent stake in the Kumho Asiana Plaza Sai Gon commercial centre and hotel complex in Ho Chi Minh City from an affiliate.
The 50 billion won (47 million USD) acquirement will be carried out this month, according to the carrier.
The 225 million USD centre is located at 39 Le Duan Boulevard, District 1, and consists of a 21-story five-star hotel with 300 guest rooms and three 32-story office and apartment buildings.
Kumho Asiana Plaza Sai Gon is a joint venture between Kumho Engineering & Construction, with a 65 percent stake, and two local partners – Saigontourist and HDSC – with a combined 35 percent stake.
Both Asiana Airlines and Kumho Engineering & Construction are owned by Korean Kumho Asiana Group.-VNA
