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Page 2
Strictly ConfidentialProject Summary
Project Name
Victoria Healthcare Hospital
Location HCMC, Vietnam
Source HOK (Consulting)
Developer Victoria Healthcare Group
Lot Size 8,000+ sq meter
(Nego. w/ current land owner)
Project De-scription
Invest to new hospital development project w/ local healthcare group operating two clin-
ics in HCMC
Program Type
Major Services:General medicine
Pediatrics
Gastrointestinal
Orthopedic
OB/GYN
100+ Beds
about 17,000 m2
(GFA)
RemarksVictoria Healthcare is looking for a partner
who is capable of both investment and con-struction
Page 3
Strictly ConfidentialProject Status
The Potential Lot for the project is a part of a High-rise residential development project owned by
Khang An (Local Developer)
Land Use Right for residential development is already in-place by Khang An
Potential lot for Hospital is 8,000 sq meter+ and needs a conversion of Land Use Right to Hospital
Use
Victoria Health Group in under negotiation with Khang An to secure the Potential site (MOU between
Khang An and Victoria is scheduled in early August.
Victoria Health Group wants Samsung C&T to be a partner bringing capital and hospital construction
expertise
<Original Plan, Residential Development> <Hospital Design Concept>
<Potential Hospital Site>
Page 4
Strictly ConfidentialAction Plan
No.LUR Acquiring Process
Tentative Due DateMajor Detailed
1MOU
(Victoria & Khang An)
-VH presents interest in acquiring land use right from KA-KA shall deliver hospital use permitted land use right to VH
2nd week of Aug.(1 month)
2Land Value Appraisal
(3rd Party )- VAMED/CBRE to Propose
2nd week of Sep.(1month)
3Sales Agreement(Open Escrow)
-Transaction closes when land use right conversion completed-VH agrees to pay land use right conversion related expenses
End of Sep.(2 weeks)
4 Government Process
-1/500 redesign( Hospital programming)-Submit the application to local gov.-Local gov. People’s committee-People’s committee DOF, DOH, DOP
End of April 2012(6 months)
5Land Use Right Certifica-
tion(Close Escrow)
-Samsung invest equity to purchase the LUR
End of April 2012
* All these action items are between VH & KA. C&T’s R&R and time of engagement shall be studied more
Page 5
Strictly ConfidentialQuestion Lists
1. Land Usage Right• Processes for converting Commercial Usage to Hospital / Public Usage• Probability of getting Land Usage Right converted• Government authorities involved in these processes• Expected processing time and fees for the conversion• Roles of each party involved in the process (i.e. land owner, consultants, etc.)
2. Land Valuation• Average price differentials between Commercial vs. Hospital Usage Property• How this price differential gets dealt with at times of usage conversion
* Does new planned owner of the usage right pay the price differential?* Or, does new planned owner pay the newly appraised price for the land?
• Initial appraisal methodology for escrow account opening by the land owner
3. Financing• Certain unique financing conditions for Vietnamese / HCMC market
Page 6
Strictly ConfidentialAppendix - 1
No Name Description
1 Victoria Hospital (HCMC) Completed Initial Workshop
2 An Sinh Hospital (Hanoi) LUR acquiring process
3 Construction Hospital (Hanoi) Discussion on the land lease
4 랑쑤언 프로젝트 ( 방콕 ) 태국왕실 부지 장기 임대
5 룸피니 프로젝트 ( 방콕 ) 태국왕실 부지 장기 임대
6 펫부리 프로젝트 ( 방콕 ) 태국 사하 그룹 소유 부지
Potential Projects in Southeast Asia (Tentative)
Page 7
Strictly ConfidentialAppendix - 1
랑쑤언 프로젝트 ( 방콕 )
룸피니 공원쭐라롱껀 병원
윗타
유 도
로
센트럴 칫롬 백화점
라차담리
경기장
센트럴 월드
수쿠뮛 도로
Page 8
Strictly ConfidentialAppendix - 1
룸피니 프로젝트 ( 방콕 )
라마 4 도로
윗타
유 도
로
싸턴도로
고속
도로
룸피니 공원
쭐라롱껀 병원
씨리낏 센터