This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ACDL Receives Amended Investment Certificate From The Government Of Vietnam





HO TRAM, Vietnam, April 4, 2013 /PRNewswire/ -- Asian Coast Development ( Canada) Ltd (ACDL) today announced the formal approval by the Government of Vietnam of all of ACDL's requested amendments to its Investment Certificate.

"This is a landmark day for the Ho Tram Strip," said ACDL Chief Executive Officer Lloyd Nathan. "We would like to extend our gratitude to the Government of Vietnam, the Ministries that have been involved in our amendment process, and to the leadership of the Province of Ba Ria-Vung Tau who have been extremely supportive throughout."

The Ho Tram Strip will ultimately include two integrated resorts with gaming facilities and an additional three five-star resorts, a Greg Norman designed championship golf course and other related real estate development, all set along a 2.2 kilometer beachfront 164 hectare site, located approximately two hours from Ho Chi Minh City. 

Construction of the first phase of the Company's first resort is complete. It includes 541 five star rooms and suites, world-class restaurants, gaming facilities, convention and meeting space, luxury retail, bars, an ultra-lounge, a spa, three swimming pools, beach facilities, and other leisure amenities.  ACDL is also currently constructing Tower 2 of the first resort which will add an additional 559 five star rooms and suites. In addition, it is constructing an 18-hole Greg Norman designed championship golf course.

"We are delighted and honored by today's confirmation of our Investment Certificate amendment application and look forward to moving ahead with our opening," said Mr. Nathan. "The resort is spectacular and we have a dynamic and energized team on site ready to welcome our guests to Vietnam's first integrated resort."

About Asian Coast Development ( Canada) Limited:

Asian Coast Development ( Canada) Ltd. (ACDL) is an international development company specializing in integrated resort destinations. ACDL, through its wholly-owned subsidiary Ho Tram Project Company Ltd, is the developer of the Ho Tram Strip, a group of integrated resorts to be located on more than 400 acres of land and more than two kilometers of pristine beach in Ho Tram, Vietnam and approved in an Investment Certificate issued by the Government of Vietnam. With a focus on providing a personalized blend of excitement and relaxation, the Ho Tram Strip will feature something for everyone, from lavish entertainment to premium shopping and exceptional recreational facilities.

The first phase of its development will be Vietnam's first large scale integrated resort and ultimately will include an 1,100-room, five-star hotel, a world-class entertainment facility, restaurants, high-tech meeting space, an exclusive VIP area, a championship golf course, as well as a variety of beach-front recreation activities. Phase I of this development is scheduled to open in 2013. It will be the initial component of the largest integrated resort complex in Vietnam.

For more information about ACDL, please visit www.asiancoastdevelopment.com.

 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs