Portrait of Malaysian and Korean tycoon who wants to buy back Ms. Truong My Lan's project

A Korean real estate company and a Malaysian tycoon want to negotiate to receive the transfer of a project related to Ms. Truong My Lan.

Ms. Truong My Lan in court - Photo: HUU HANH

Korean enterprise wants to buy back 3 projects of Van Thinh Phat

In a recent document sent to the Ho Chi Minh City High People's Court, APM Luxe Company Limited (Korea) said it is "very interested in investing in projects of Van Thinh Phat Group".

Specifically, this Korean tycoon is interested in 3 projects.

Firstly, the Nha Rong - Khanh Hoi complex project at Nha Rong - Khanh Hoi port area, wards 12, 13 and 18, district 4, Ho Chi Minh City. The project area is about 31.5 hectares.

This project has the function of investing in the construction of mixed-use high-rise housing.

Second, the Mui Den Do urban park and housing project in Phu Thuan ward, District 7, Ho Chi Minh City with a scale of more than 117 hectares. The project's function is to invest in the construction of a park, commercial center, hotel office, exhibition conference and mixed high-rise residential area.

Third, the Vinhomes Metropolis commercial center, office and luxury apartment complex project (Capital Place building) at 29 Lieu Giai, Ba Dinh district, Hanoi has a scale of 3.5 hectares.

APM Luxe has requested the Ho Chi Minh City court to consider and create conditions for the company to approach and negotiate to receive the transfer or cooperate in investment on the principle of harmony, benefiting all parties, ensuring compliance with Vietnamese law.

About APM Luxe Co., Ltd., this is a company established under Korean law with a certificate from the host country since 2011.

The company is headquartered in Seoul, South Korea. APM Luxe is represented by Song See Yong, the company's chairman.

Mr. Song See Yong's company operates in the real estate sector. There are currently no recorded projects implemented under this Korean brand in Vietnam.

However, this enterprise appeared at an event organized by Hanoi in 2018. At this event, a memorandum of understanding was signed between the Hanoi People's Committee and APM Luxe with the content that this company will research and propose to build a complex of wholesale trade centers combined with product display in Hanoi.

The rich Malaysian tycoon wants to invest in Van Thinh Phat project

In addition to the above-mentioned Korean enterprise, media reports on the trial of the Van Thinh Phat case also said that Mr. Vincent Tan wanted to invest in the 6A project with an area of ​​26 hectares in Binh Chanh, Ho Chi Minh City.

Mr. Vincent Tan - Photo: Berjaya website

With this project, the buyer said that after deducting expenses, there is about 20,000 billion VND left for Ms. Lan to remedy the consequences.

About Mr. Vincent Tan, he is known as the founder of Berjaya Corporation, a famous multi-industry business group in Malaysia.

On its website, Berjaya Group said that in 2023, Mr. Vincent Tan moved from the role of chairman to advisor to the board of directors.

According to Berjaya Corp's 2024 annual report, Mr. Vincent Tan is the chairman of Berjaya Hills Resort Berhad and U Mobile Sdn Bhd.

He is also the managing director/chief executive officer of STM Lottery Sdn Bhd and holds directorships in several other limited liability companies within the Berjaya Group.

Berjaya operates in many fields, but the most prominent is still real estate. This group introduced that it has invested in foreign markets such as Japan, Vietnam and China. In addition, this group also invests in other fields such as lottery, retail, hotels, etc.

Berjaya's financial summary report said that by the end of the company's 2023 fiscal year, its total assets had exceeded $4.7 billion.

According to data on Forbes, Mr. Vincent Tan was a billionaire for 6 years, from 2010 to 2016. In 2014, his highest net worth was 1.6 billion USD.

Most recently updated, as of April 2024, Mr. Vincent Tan's net worth is 730 million USD, ranking in the top 50 richest people in Malaysia.

Mr. Vincent Tan is quite famous in Vietnam for owning many real estate projects, including the Sheraton Hanoi Hotel. Most recently, Berjaya Vietnam - a branch of Berjaya Malaysia - also appeared in the transfer of Vincom Retail from Vingroup.

Mr. Nguyen Hoai Nam - General Director of Berjaya Vietnam - has taken the seat on the board of directors of Vincom Retail for the 2023-2028 term.

Source: https://tuoitre.vn/chan-dung-dai-gia-malaysia-han-quoc-muon-mua-lai-du-an-cua-ba-truong-my-lan-2024112320270667.htm