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Vietnam: Ascon Construction to joint venture with German company to bid on construction of 18 hotels.
(From Thai Press Reports)
Section: Regional News - Ascon Construction will sign an agreement to set up a joint venture with a German firm for joint bidding to construct 18 hotels in Vietnam worth up to Bt10 billion at the end of next month, says managing director Pattanapong Tanumathaya, The Nation reports.
He said his company would hold a 40-per-cent stake in the joint venture. The construction project in Vietnam will start in next year's first quarter.
The company announced total revenues of Bt980.36 million and a net profit of Bt94.70 million in the first nine months of this year.
The company expects total revenues of Bt1.5 billion this …
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