Bamboo Capital JSC (BCG) will receive 100% of Indochina Hoi An Beach Villas. The transfer value is 337 billion dong.

This information has just been disclosed by Bamboo Capital in Resolution No.12/2018/NQ-HDQT-BCG on  19/2/2018. Accordingly, Indochina Hoi An Beach Villas Ltd will transfer 100% capital for Bamboo Capital.

Indochina Hoi An Beach Villas is a company chaired by Peter Ryder, he is also the CEO of Indochina Capital - currently a leading investment fund, investing in real estate in Vietnam by its members Indochina Land. Many projects have been successfully developed by Indochina Land such as The Nam Hai Resort, The Hyatt Resort (Da Nang), IPH Luxury Apartment Complex (Hanoi).

According to Bamboo Capital, the purpose of the transfer is to implement the policy of investing in resorts and tourism services Malibu in Quang Nam.

BCG assigned the CEO of the company to negotiate, sign the contract on the transfer of contributed capital and related contracts with partners as well as carry out procedures for receiving contributed capital.

According to our finding, resort and tourism service project Malibu is located in prime position, on the "5 star boulevard", with many luxury resorts from My Khe to Cua Dai (Quang Nam), Malibu project is located next to the famous luxury resort of The Nam Hai, Dien Ban district, Quang Nam.

                                                                 Malibu Resort Project's Location

In 2010, Indochina Hoi An Beach Villas Co., Ltd have had an approval from Quang Nam People's Committee to lease more than 103,552 m2 of land with lease term of 47 years to build this resort and tourism service.

Talking to us, Mr. Nguyen Ho Nam, Chairman of Bamboo Capital said, "After receiving the transfer of Malibu project, the company will proceed to build the project immediately next month and start to operate. The scale of the project is approximately 11ha, including about 100 villas and 300 condotel apartments. At present, the project has completed legal procedures, we get the status quo of the project to implement immediately. We will invest about VND900 billion to build, so the total investment for the Malibu project is about VND1,330 billion."