NEWS
The Republic of Korea's flag carrier Asiana Airlines to buy stake in shopping centre
17-02-2013
The 50 billion won ($47 million) acquirement will be carried out this month, according to the carrier.
The $225 million centre is located at 39 Le Duan Boulevard, District 1, and consists of a 21-story five-star hotel with 300 guest rooms and three 32-story office and apartment buildings.
Kumho Asiana Plaza Sai Gon is a joint venture between Kumho Engineering & Construction, with a 65 per cent stake, and two local partners – Saigontourist and HDSC – with a combined 35 per cent stake.
Both Asiana Airlines and Kumho Engineering & Construction are owned by Korean Kumho Asiana Group
