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Ho Tram Strip receives $50m from US investor

Update: September, 25/2014 - 09:26
The first phase of the US$4.2-billion Grand Ho Tram Strip resort opened its doors last year. The project has recently received a new investment of $50 million from its American majority shareholder Harbinger Capital. — Photo
HA NOI  (VNS) — The Asian Coast Development (Canada) Ltd on Monday announced that its Grand Ho Tram Strip resort has received US$50 million from its American majority shareholder, Harbinger Capital.

This is the second new investment in the Ho Tram Project in the past two months, following a $20-million investment by private equity firm NewCity Capital LLC in July. The company is the minority owner of the Asian Coast Development Ltd, along with American gaming operator Pinnacle Entertainment. — VNS

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