Vietnam: Construction firm Licogi 16 to shed realty assets, stick to core business

Vietnam: Construction firm Licogi 16 to shed realty assets, stick to core business

Vietnam’s construction firm Licogi 16, a subsidiary of state-owned major Licogi, is planning to dispose its real estate assets and raise capital through share issuance to strategic investors, in a bid to restructure its core business – of construction and infrastructure projects.

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