Suncity Group Holdings Limited has signed an agreement via local subsidiary Suncity Group Management and Consultancy (Van Don) Limited to provide technical services for the opening of its Vietnamese integrated resort in Quang Ninh Province, which it says will begin operations on 31 March 2019.
The deal will see Suncity paid US$250,000 within 15 days of signing the agreement and another US$250,000 upon acceptable completion plus a monthly fee of US$41,667.
A collaboration between Suncity Group, local asset management firm VinaCapital Group and Chow Tai Fook Enterprises Ltd subsidiary Gold Yield Enterprises Ltd, the first phase will include gaming facilities with 140 gaming tables and around 1,000 slot machines as well as a hotel, condos and a golf course.
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