Nam Hoi projects licensed in late 2010 with the goal of building a resort complex, including gambling zone for foreigners. According to the certificate of initial investment, this project is a joint venture between Genting Berhad and Malaysia VinaCapital, which holds 80% VinaCapital stake in the project, while Genting is only 20%. However, the end of 2012, Genting Berhad has announced its withdrawal from the project, making the effort to search VinaCapital new partners to sustain the project. And this now is a partner to the Gold Yield Enterprises as mentioned above.
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