INVESTCORP visits and works with SOUTH ASIA Group in China

SOUTH ASIA is a multidisciplinary group including multinational companies with 20 woolen textile factories, a sewing factory, a dyeing factory and a textile machine manufacturing factory with more than 30,000 employees. The factory in Nan An town, Quanzhou district was completed and put into use in early 2019 with a total investment of US$ 10 million and a total area of 36,700 m2. The whole factory is equipped with the world's leading equipment on woolen production and is used an internal transmission transport system.

On the afternoon of the same day, the delegation had a meeting with Mr. Lu Tu Lang at the SOUTH ASIA Commercial Center Building in the center of Quanzhou district. At the meeting, Mr. Lu highly appreciated the importance of implementing project in Vietnam and said investment in Vietnam was the long-term development strategy of SOUTH ASIA Group. Therefore, SOUTH ASIA's partners would be strategic partners and companions with the Group in investment and development in Vietnam. On behalf of INVESTCORP, Mr. Do Ngoc Dao said INVESTCORP had been and would support SOUTH ASIA Group as much as possible in SOUTH ASIA's projects in Vietnam as well as always implementing projects in a spirit of mutual benefit. At the end of the meeting, SOUTH ASIA representatives invited the delegation to visit Bao San luxury villas - The most expensive villas in Quanzhou district.