Yes, in an interview with Joey Lim he said that they had a 'land bank' in Lao Cai where the old casino is alon the river. Apparently the plan was to develop for US100m to US200m total investment.
https://www.theedgemarkets.com/article/exciting-times-ahead-donaco-international"Donaco aims to capitalise on a possible spurt in business and is looking at redeveloping part of its land bank in Lao Cai, with an estimated gross development value of US$100 million to US$200 million.
Apart from that, future investments by the company on projects in the pipeline could be in the region of US$50 million to US$100 million over the next few years.
“These developments can carry on without affecting or requiring us to shut down the existing operations,” says Joey.
The plan is for a mixed commercial and residential development at the old Lao Cai International Hotel. Aristo International, which is nearby, was developed and opened in 2013.
“The government has allowed us to acquire the whole stretch of property on the promenade, which goes down for three or four blocks, so we will redevelop the whole block facing the river into riverside dining [outlets], commercial properties, a hotel and a shopping mall. The weather is beautiful,” Joey says.
The land forms part of the US$55 million acquisition and development cost of Aristo International."
I thinks it's fair to say this won't be happening anytime soon and the 'exiting times' are well behind us. Maybe there is an option here to sell some of the land as part of the strategic review, time will tell.
