| Gulf sovereign wealth fund (SWF), the Qatar Investment Authority (QIA), is reportedly vying with Goldman Sachs to acquire the Keangnam Hanoi Landmark Tower, the tallest building in the Vietnamese capital, according to Korea Economic Daily.
The skyscraper’s value is estimated at more than US$1 billion. However, the development has a troubled history: Sung Wan-jong, the former head of construction firm Keangnam Enterprises, committed suicide this month amid a probe into alleged misdealings with Korean politicians. The operating company for the Hanoi building was also allegedly involved in manipulation of its accounting books as part of efforts to conceal mounting debts during its construction...........................................Full Article: Source
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