Song Da Sudico repurchases 60pct stake into Thang Long-ITC 
Intellasia - 28/05/2010 9:43:32 SA -
Song Da Urban & Industrial Zone
Investment and Development Joint Stock Co (Sudico – coded SJS) has
recently signed a contract with Housing Development and Investment
Construction and Trade Joint Stock Co to repurchase 60 percent stake
into Thang Long Real Estate Investment and Trade Joint Stock Co (Thang
Long-ITC).
Reportedly, Thang Long-ITC is investing 750 billion dong in
infrastructure of the urban zone project in Pho Noi Industrial Zone, in
the northern province of Hung Yen.
After repurchasing 60 percent stake into Thang Long-ITC, SJS plans to
restructure and upgrade the finance capacity of the company.
At the same time, SJS and Thang Long-ITC will jointly develop other
projects in Hung Yen province as well as other regions nationwide.
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