CGS-CIMB Research analyst Ong Khang Chuen is sanguine on Boustead Projects’ impending acquisition of a 49% stake in a Vietnam industrial real estate fund that is being jointly set up with Khai Toan Joint Stock Company (KTG).

See: Boustead Projects signs option to purchase 49% stake in Vietnam real estate fund co-sponsored by KTG for $17 mil

Boustead Projects inked an option agreement to acquire the stake from KTG, a leading conglomerate in electrical appliances, building materials and industrial real estate in Vietnam.

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