The contract ceremony of establishing joint-venture company of the international square hotel project

 

On April 11th, 2016 morning, the contract ceremony of establishing joint-venture company of the International Square Hotel project was taken place at Son Kim Land Corporation_No. 55 Nguyen Dinh chieu Str., Ward 6, Dist.3.

The representative leaders of 03 parties included Mr. Nguyen Tuong Minh – General Director of FOSCO, Mr. Nguyen Hoang Tuan – Chairman of Son Kim Land Corporation, Mr. Nguyen Van Len – Chairman of Sato Investment Limited Company were signed the contract of cooperative investment together.

Scale of project:
Project is built with following content:
–    Location : 39 Nguyen Thi Minh Khai Str., Ben Nghe Ward, Dist.1, Ho Chi Minh City;
–    Area : 952 m2;
–    Constructive Density : 60%;
–    Floor : 10 floors not included Basement, Mezzanine floor and Technique Department on roof;
–    Use : Hotel.

Charter Capital:
–    FOSCO contributes 40% charter capital of Project Company.
–    SATO contributes 30% charter capital of Project Company.
–    SON Kim contributes 30 % charter capital of Project Company.