APAC Realty acquires 38% stake in ERA Vietnam for $1.5 mil

Samantha Chiew
Samantha Chiew2/26/2020 06:25 PM GMT+08  • 2 min read
APAC Realty acquires 38% stake in ERA Vietnam for $1.5 mil
SINGAPORE (Feb 26): Real estate services provider APAC Realty has today acquired a 38% interest in ERA Vietnam for $1.5 million, providing the group with access to Vietnam’s vibrant real estate market.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 26): Real estate services provider APAC Realty has today acquired a 38% interest in ERA Vietnam for $1.5 million, providing the group with access to Vietnam’s vibrant real estate market.

APAC Realty will acquire 304,000 shares or 38% of Eurocapital Joint Stock Company (Eurocapital) from Terra Partners Vietnam Joint Stock Company and KTP & Partners Company Limited for a total nominal consideration of $100. Eurocapital was granted the exclusive franchise rights for Vietnam by APAC Realty under a 25-year ERA Master Franchise Agreement for Vietnam from May 12, 2017.

In addition, APAC Realty will subscribe for 1,225,800 new shares in ERA Vietnam Realty, representing 38% of the enlarged issued share capital for a consideration of $1,499,900.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now