Frasers takes majority stake in Vietnamese developer
George Sell
Uploaded 13 May 2018
Vietnam: Frasers Property has entered into a conditional share purchase agreement with Tran Thai Land to acquire 24 million ordinary shares of developer Phu An Khang.
Join our LinkedIn group and hear the latest news, advice and get exclusive updates
The US$18 million purchase represents 75 per cent of the issued share capital of Phu An Khang, giving Frasers a controlling stake.
It is intended that Phu An Khang will undertake the development of a mixed-use development plot in district 2, Ho Chi Minh City.
![Renaissance Hotel, Manchester [Credit: Urban & Civic]](/media/5653/t-1-tlx.jpeg?anchor=center&mode=crop&width=400&height=264&rnd=132554643520000000&quality=30)
