HCM CITY — The local C.T. Group has paid US$24 million to hold a 95 per cent stake of the GS Cu Chi Development Company under the Korean GS Engineering&Construction Corp.
GS Cu Chi Development Co owns a golf-course project covering around 200 ha of land in Tan Thong Hoi Commune of Cu Chi District.
Earlier this month C.T. Group concluded a strategic cooperation agreement with Shwe Taung Development Company of Myanmar, in its capital city of Yangon, on the occasion, HCM City and Yangon became twin cities.
The two partners will cooperate in the areas of investment and development of shopping centres, among others.-VNS