Aseana Properties is putting £15 million into the first international hi-tech park in Ho Chi Minh City.

Fully listed Aseana, chaired by Dato Mohammed Azlan bin Hashim, has taken a 51 per cent interest in the development of the park in the city’s Binh Tan district.

The company says this means it will invest around $27.6 million (nearly £15 million) in the project, whose total development costs are expected to exceed $400 million, in anticipation of good returns from a still growing economy.

Dollar-denominated Aseana shares now trade at 50 cents (27p), down from a $1.10 high and value the company at $125 million.

Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here.

Aseana Properties	LSE	$60m	$0.24	$0.00
Click here for interactive charting
Other company articles:
Another Vietnam move by Aseana			29/08/2008
Aseana in new Vietnam move			07/07/2008
Aseana makes its debut			05/04/2007
Asian group in £81m float			03/04/2007