SGT: Project in Danang City

Sai Gon Telecommunication & Technologies Corporation (SGT) has informed of the project in Danang City as follows:

On 25th July 2009, the project of Vien Dong Meridian Towers at 84 Hung Vuong, Hai Chau Dist., Danang City was started working. Its investment owner is the Vietnam Viendong Land JSC (Viendong Land). The building includes 48 stories and 3 basements with height of 220 meters. It would be the highest building in the Middle area. Functions of the building are premium trading center, international conference center, restaurants, apartments and offices. Total investment cost of the project is expected to USD180 million.

The Sai Gon Telecommunication & Technologies Corporation has purchased additional 20% shares of Viendong Land and become the key shareholder holding 60% of chartered capital of the company.

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