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Vietnamese enterprise ‘acquires projects of Japanese companies

A Vietnamese enterprise has acquired a series of projects in a short time, including the “acquisition” of a project from a Japanese company.

On July 23, information from Danh Khoi Group said that this enterprise had just successfully performed an M&A of a real estate project in Da Nang from the hands of a Japanese investor. Danh Khoi bought 100% of the capital from Sun Frontier Investment Company Limited to officially become the investor of the Sun Frontier project. Although not officially disclosing the deal value of this project, according to the information we have, this deal is worth up to trillions of dong.

The project is located on Bach Dang Avenue, the highest price route according to the land price list of 2020 – 2024 proposed by the People’s Committee of Da Nang City. In addition to the Bach Dang street, the project also adjoins 2 fronts of Binh Minh 5 and Tran Van Tru streets, overlooking the Han River and My Khe Sea. After officially acquiring this project, Danh Khoi Group has started implementing the project with a new name The Royal – Boutique & Condo Da Nang (The Royal).


Perspective view of project The Royal – Boutique & Condo Da Nang

In Da Nang, Danh Khoi Group also acquired a coastal project, Da Nang Hotel And Resort Da Nang, from Hanoi Non Nuoc Tourism Investment Joint Stock Company with an area of ​​7.5 hectares. This is a project that has been “blanket” for a long time. After the acquisition, Danh Khoi Group is under construction under the new project name of Aria Da Nang Hotel & Resort (Aria Da Nang).
Previously, Danh Khoi Group was also known in the acquisition of 3 “golden” plots of land with an area of ​​more than 11,000 m2 in the residential area of ​​Con Tan Lap (Khanh Hoa province).
According to Mr. Nguyen Quoc Bao, Deputy General Director of Danh Khoi Group, M&A is the shortest way for business owners to speed up the development of a clean land fund and implement projects. M & A deals help businesses save a lot of time in completing legal procedures, as well as solving problems related to compensation and site clearance. M&A of friendly projects not only helps businesses shorten procedures but in fact, this story also brings “win – win” for all parties, as well as to the market.

According to thanhnien.vn

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