To recap, Adventus entered the JV project with Panthera Company and Tuan last year in April, with the common aim of building a residential and retail development in Danang, Vietnam.
The group later on said it intended to dispose of its interest in the project so as to reduce its exposure to the project after encountering “some difficulties” with the Vietnamese authorities.
Going forward, Adventus says it will continue with the project as usual, as it searches for suitable partners to buy over its stake in ADV S3 – as per its initial intention.
Shares in Adventus closed 25% lower at 0.3 cent on Thursday.
