Dragon Capital boosts investment ties with Sacomreal
Dragon Capital, the largest and most experienced foreign portfolio
investor in Vietnam, will hold 7.5 percent of share capital in Sai Gon
Thuong Tin Real Estate Joint Stock Co. (Sacomreal), helping the company
in consultation during its operation.
Dragon Capital, the largest and most experienced foreign portfolio
investor in Vietnam, will hold 7.5 percent of share capital in Sai Gon
Thuong Tin Real Estate Joint Stock Co. (Sacomreal), helping the company
in consultation during its operation.
Under a cooperation agreement signed on June 29 in Ho Chi Minh City, Dragon Capital will encourage strategic investors both in and outside the country to cooperate with Sacomreal in real estate projects.
According to Dang Hong Anh, chairman of the management board of Sacomreal, the cooperation will help the company improve its professional skills as well as better its business administration and management, contributing to strengthening the company’s capacity based on international standards.
Vu Huu Dien, head of portfolio management of Dragon Capital, spoke highly of his partner’s staff and the company’s effective management to record remarkable growth amid frequent changes of market caused by the global crisis.
Sacomreal’s turnover stood at over 415 billion VND in 2009, and is expected to climb to 1,780 billion VND in 2010./.
Under a cooperation agreement signed on June 29 in Ho Chi Minh City, Dragon Capital will encourage strategic investors both in and outside the country to cooperate with Sacomreal in real estate projects.
According to Dang Hong Anh, chairman of the management board of Sacomreal, the cooperation will help the company improve its professional skills as well as better its business administration and management, contributing to strengthening the company’s capacity based on international standards.
Vu Huu Dien, head of portfolio management of Dragon Capital, spoke highly of his partner’s staff and the company’s effective management to record remarkable growth amid frequent changes of market caused by the global crisis.
Sacomreal’s turnover stood at over 415 billion VND in 2009, and is expected to climb to 1,780 billion VND in 2010./.
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