VNStockNews.com - CapitaValue Homes Limited under CapitaLand Group, the strategic firm specialising in building valuable houses in Asia has purchased 65 percent of stake in Quoc Cuong Saigon Co Ltd (QCSG), the member company under Quoc Cuong Gia Lai Joint Stock Co (coded QCG) worth 121.2 billion dong via its member company of CVH Sparkle Pte Ltd.
At present, QCSG owns the land plot of about 9,000 square metres in Binh Chanh Dist, HCM City. The group planned to build about 800 apartments in that area. The project will be carried out by CapitaValue Homes as the main investor with total investment value of 906 billion dong.
Quoc Cuong Gia Lai JSC (QCG) now holds 30 percent of total stake in QCSG and Red Brick Co Ltd of 5 percent.
