Hoang Anh Gia Lai Group Gets Approval for US$16.2-Mln Hospital

4:54:30 PM | 27/2/2008

Hoang Anh Gia Lai Group has received the green light from the People’s Committee of Central Highlands Gia Lai province to build a VND260 billion (US$16.25 million) hospital in the province, the local Youth newspaper said Thursday.
The Hoang Anh Gia Lai Hospital, the first private project in the province, will include 200 modern sick-beds. It will be located in Le Duan Street, Pleiku city.
The hospital project in Gia Lai marks a new investment area of the property developer which is now developing more than 20 luxury apartment projects in big cities.
It also owns hotels and resorts, five furniture and granite processing plants, 20,000 hectares rubber in southern provinces and Laos, two iron ores and one brass ore.
The group earned pretax profit of VND870 billion (US$54.4 million) in 2007, higher than the expected level of VND804 billion. (Youth)