Luks Group in vietnam real estate move

Luks Group in vietnam real estate move
Published: 25 September 2007

Luks Group (Vietnam Holdings) Co. Ltd of Hong Kong has decided to set up a joint venture in real estate in Viet Nam. According to the company, at the end of August, 2007, its wholly-owned subsidiary of Luks Land agreed with the Indochine Company in Viet Nam to set up a joint venture. Luks Land will contribute close to US$5m to the joint venture. Luks Group (Vietnam Holdings) Co. Ltd is listed on the stock exchange of Hong Kong. It is principally engaged in the manufacture and sale of cement products and property investment in Viet Nam.