VNG invests in hotel, resort sector

Thanh Cong Tourist Joint Stock company’s shareholders (VNG) approved its plan to issue 54million shares aiming to increase its chartered capital up to VND 797.2billion to VND 1,337billion.

VNG current invests in hotel, resort projects in Dalat, Khanh Hoa, Ninh Thuan

VNG current invests in hotel, resort projects in Dalat, Khanh Hoa, Ninh Thuan

Of these, 50 million shares will sell to its strategic shareholders and 3.99 million shares for laborers with a cost of VND 10,000 per share.

Total revenue from selling shares will be invested in Doc Let hotel –entertainment project.

VNG current occupies 20 hotels, resorts, convention halls in the central province of Khanh Hoa, central highlands province of Lam Dong, central province of Ninh Thuan, HCMC and the Mekong delta city of Can Tho.

DO DOAN -Translated by V.Ha

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