Statement of Clarification on Sun Wah Tower
HO CHI MINH CITY, VIETNAM, 26th June 2018 – Sunwah Group (or “the Group”) is issuing this press release to clarify the information on the acquisition of the Grade A office building “SUN WAH TOWER” in Ho Chi Minh City, Vietnam.
It has recently come to our attention that several local media agencies have made public news on Sun Wah Tower being acquired by a Japanese company – Nomura Real Estate Development Co., Ltd. (or “Nomura”)
We wish to clarify that the deal was done between Nomura and Marubeni Corporation – our previous partner. Sunwah Group has been always and remains the largest shareholder of Sun Wah Tower.
Sunwah Group has been doing business in Vietnam for almost 50 years and is one of the leading real estate developers in Ho Chi Minh City with several well-known projects such as Sun Wah Tower (115 Nguyen Hue Boulevard, District 1, Ho Chi Minh City), Saigon Pearl (92 Nguyen Huu Canh Street, Binh Thanh District, Ho Chi Minh City) and the latest luxury project Sunwah Pearl (90 Nguyen Huu Canh Street, Binh Thanh District, Ho Chi Minh City) is under construction.
We greatly appreciate the cooperation with Marubeni Corporation over the past years in building Sun Wah Tower as a landmark in Ho Chi Minh City and we look forward to having successful cooperation with Nomura in the future.
About Sunwah Group
Founded in 1957, Sunwah Group is a Hong Kong-based conglomerate. Dr Jonathan Choi, Sunwah Chairman, assumed control of Sunwah Group in 1976. Under his leadership, Sunwah has become a highly diversified conglomerate with businesses in seven principal areas: Seafood & Foodstuff, Real Estate, Financial Services, Technology, Infrastructure, Education & Training and Media. Activities extend deep into Mainland China and Macau as well as regionally to Japan, ASEAN countries and globally to North America, Europe and Australia. For more information about Sunwah Group, please visit www.sunwahgroup.com
In Vietnam, the Group started the business with seafood processing. At that time, Sunwah was one of the biggest seafood exporters in Vietnam during the early years, and later became one of the first foreign companies to set up a representative office in Ho Chi Minh City. Since then, Sunwah Group has continued to expand its investment in real estate, financial services and coffee. For more information about Sunwah Group’s activities in Vietnam, please visit www.sunwahvietnam.com