trending Market Intelligence /marketintelligence/en/news-insights/trending/JI_hOMeke3zqG8wILklqMg2 content esgSubNav
Discover more about S&P Global’s offerings
In This List

CapitaLand unit acquires 90% stake in Vietnamese subsidiary
Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


CapitaLand unit acquires 90% stake in Vietnamese subsidiary

A CapitaLand Ltd. unit invested in a Vietnamese subsidiary by acquiring a 90% stake for 162 billion Vietnamese dong.

CapitaLand's wholly owned unit Sophia VN Ltd. subscribed for a stake in CapitaLand Thanh Nien Co. Ltd. as part of it strategy of expanding its portfolio of residential properties in Vietnam.

CapitaLand Thanh Nien owns an approximately 0.8-hectare land parcel in Thao Dien Ward, Ho Chi Minh City, which will serve as the site for the development of around 317 residential units. Saigon Commercial and Tourism Corp. owns the remaining 10% stake in the company.

CapitaLand also recently unveiled a plan to develop its first office property in the country in Ho Chi Minh City's central business district.

As of Jan. 20, US$1 was equivalent to 22,571.00 Vietnamese dong.