Beverage giant wins land auction to make way for real estate business
The founder of Tan Hiep Phat Group, who turned downed a $2.5 billion purchase offer from Coca Cola, is venturing into real estate business.
The founder of Tan Hiep Phat Group, who turned downed a $2.5 billion purchase offer from Coca Cola, is venturing into real estate business.
Appearing staggeringly in the bold and powerful red outfit as usual at Vietnam Private Sector Economic Forum held last week, Tan Hiep Phat Group deputy CEO Tran Uyen Phuong shed light on her refusal to be a billionaire yet undertaking a grander task to help enhance the international stature of Vietnamese entrepreneurs.
The soft drink and non-alcoholic beverage corporation Tan Hiep Phat seems to use most of its business profit for personal financial activity in which a big cash flow has been circulated through banks to attain interest rate difference for its owner and his relatives.
Tan Hiep Phat Group’s Chairman Tran Qui Thanh has confirmed real estate is a pivotal interest and that the group will spend a few thousand billion of Vietnam dong to participate in this market.