Crescent Bay Developments PTE Limited acquired 196HVT Project and SGPY Project from VinaLand Limited (AIM:VNL), managed by VinaCapital Group Limited for $3.1 million on July 23, 2018. Under the terms of the transaction, VinaLand Limited will receive net cash proceeds of $0.3 million for the SGPY Project and net cash proceeds of $2.8 million for the 196HVT Project. The net proceeds from the transaction have been received by VinaLand Limited in full as on July 23, 2018. The proceeds received from these exits in conjunction with those collected from past and future disposals will be used to cover VinaLand Limited’s commitments including operating costs and distributions to shareholders. Philip Secrett of Grant Thornton Corporate Finance acted as financial advisor to VinaCapital Group Limited. David Benda and Hugh Jonathan of Numis Securities Limited acted as brokers to VinaCapital Group Limited. Crescent Bay Developments PTE Limited completed the acquisition of 196HVT Project and SGPY Project from VinaLand Limited (AIM:VNL), managed by VinaCapital Group Limited on July 23, 2018.