Radiance Assets Acquires 100% Stake In Mongolian Resort

Radiance Assets Acquires 100% Stake In Mongolian Resort

Radiance Assets Bhd (Radiance) a Shariah-compliant investment holding company has acquired a 100% stake in a Mongolian Resort–Yerru Tsonjun Tour Resort. The resort will be rebranded as = Radiance Gerelt Resort and it will be the first-ever Halal Resort in Mongolia.

Radiance Gerelt Resort is located in Erdene sum of Tuv Province, which is about 77km from Ulaanbaatar’s capital city of Mongolia. Erdene is dotted with numerous historical and endless vast land attractions that are seeped with Mongolian history, culture, and lifestyle.

The resort sits on 14 acres of land and has been in operation since 2013 with a full suite of facilities and an auxiliary farm. The resort was built with the purpose to boost tourism and horticulture in Mongolia and ultimately cooperate with foreign and domestic tourism organizations to organize programs to introduce Mongolia to foreign tourists.

Under the new management, Radiance is going to build more than 10 units of Malaysian Traditional Chalets to promote the culture of Malaysia in the Land of the Blue Sky and at the same time promoting cultural tourism between the two countries.

Radiance Assets’s Executive Chairman, Ezman Zamani, has spoken about his vision about the possibility for direct flights to be made available between Malaysia and Mongolia someday.

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