Dear Members,

We are pleased to share with you that ONE°15 Marina Club has entered into a Memorandum of Understanding (MoU) with Vung Ro Petroleum Co. Ltd., an independent petroleum company based in Vietnam to develop an integrated marina in Vung Ro Bay, Vietnam on 26 May 2014.

The MoU was signed by Mr. Arthur Tay, Chairman and CEO of ONE˚15 Marina Club and SUTL Group of Companies and Mr. Kirill Korolev, CEO and General Director of Vung Ro Petroleum Co. with His Excellency Tran Hai Hau, Ambassador of the Socialist Republic of Vietnam in Singapore present at the event.

To be named ONE15 Vung Ro Bay Marina Resort, the development aims to become an international nautical hub, as its superb location and natural deep water and sheltered bay make it the perfect place for international superyacht charter and services.

This is a milestone for the ONE°15 Marina Club as we mark our foray into the Vietnamese market to build our first Vietnamese marina property, partnering with Vung Ro Petroleum Co., a well-established company. As an integrated marina property developer we believe in sharing what we know to help develop the marina property business in the region. This collaboration with Vung Ro Petroleum Co. is certainly a step in the right direction for us.

Our vision is to build an ecosystem of marina properties in South East Asia where yacht owners can call at each port and be assured of the hallmark of a ONE15 Marina property. ONE°15 Marina Club, Singapore, our flagship property, has won the Asian Marina of the Year four times since our inauguration in 2007.

For more details, please click here for the full press release.

SIGNING CEREMONY OF MEMORANDUM OF UNDERSTANDING BETWEEN ONE°15 MARINA CLUB AND VUNG RO PETROLEUM CO. LTD.ON 26 MAY 2014