According to financial reports of Ocean Hospitality, the company has spent over 500 billion to buy 99% stake in Kem Trang Tien. Good brand is probably not the main factor that makes Ocean Investment Group is the land on which the company management. Kem Trang Tien 1,500m2 located on land adjacent to Hoan Kiem Lake. A few years ago, which used to plan to build a luxury apartment building, but so far not implemented. When was privatized in 2000, the enterprise value of Trang Tien is determined mere 3.2 billion and the buyer is the personnel of the company. The price is too cheap so quickly Kem Trang Tien acquired. Acquire spent force 10 times face value, ie just over 30 billion in order to control both the brand and the cream of this good land.
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