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Amplefield announces interested party transaction worth $24.8 mil

PC Lee Published on Mon, Dec 04, 2017 / 10:03 PM GMT+8

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SINGAPORE (Dec 4): Amplefield has announced an interested party transaction (IPT) between City Builders Vietnam Company (CBVN) and Sing Viet City (SVC).

Subsidiary CBVN has entered into a $24.8 million contract with SVC to undertake construction work on a 63.8ha piece of land in Ho Chi Minh City, Vietnam.

SVC is a wholly owned subsidiary of Amanland, which in turn is 97% owned by Regionaland, a Singapore-incorporated company. The major shareholder of Regionaland is Yap Teiong Choon, who is also a controlling shareholder of Amplefield.

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Amplefield announces interested party transaction worth $24.8 mil