Vinagolf plans investment expansion in Cambodia
Vinagolf will establish its subsidiary and buy hotel in Cambodia.
Vietnam Golf Tourism Joint Stock Co (Vinagolf-VNG) has recently announced the resolution of its director board whereby the meeting approved the company’s offshore investment plan and set up Vinagolf Angkor Tourism Joint Stock Co in Cambodia. At the same time, VNG will buy the Cozyna Angkor Hotel in Siem Riep-Cambodia.
In 2010, VNG gained nearly 76 billion dong of revenue, after tax profit at 6.5 billion dong, up 10.6 percent year-on-year. Of which, the profit was distributed to the shareholders was 6.03 billion dong.
The company’s dividend payment is expected at 3.5 percent per share.
Tags: Vietnam business news