Hoi An South Project

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    Suncity Group pushes back Hoi An acquisition date

    Suncity Group has requested another extension for its deadline to purchase a 34 percent stake in Vietnam’s Hoi An project until August 31. The deal was originally scheduled to close on May 31, but was extended to July 31 as the company needed more time to fulfill certain conditions. In a filing to the Hong […]

    Steve Wolstenholme joins Vietnam IR

    Steve Wolstenholme, president and managing director of Okada Manila, has been appointed as chief operating officer of the Hoi An South project in Vietnam, the company developing the resort said in a statement. “We are delighted to welcome such an experienced executive to our team, and with his strong background in pre-opening large scale projects […]

    Suncity Group set to acquire 34 pct stake in Hoi An project

    Goal Summit Ltd, a subsidiary of Suncity Group Holdings, is set to acquire a 34 percent stake in an integrated resort project in Hoi An South for an aggregate consideration of HK$600 million ($76.8 million). The deal involves the acquisition of the entire equity interest in Star Admiral Limited, which indirectly owns approximately 34 percent of […]

    SunCity Group signs MOU for Hoi An project

    A subsidiary of Suncity Group Holdings, Goal Summit Ltd, has signed a MOU with Suncity International Holdings to acquire the entire equity interest in and shareholders loan to Star Admiral Ltd., a company involved in an integrated resort project in Hoi An South in Vietnam. The deal also includes a service provision MOU, which includes […]

    Suncity Group’s big diversification gamble

    First established in 2007 amid Macau’s casino boom, Suncity Group rose to become the former Portuguese colony’s largest junket business, operating opulent VIP rooms where well-heeled Chinese gamblers bet small fortunes on one hand of baccarat. Lately though, the Hong Kong-listed outfit, is going to be the flagship for diversification, including by investing in multibillion-dollar […]