Michael Jackson’s father not in Happyland

September 15, 2012 | 15:59

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Joseph Jackson, famous singer Michael Jackson’s father, announced an end to his involvement in the $2 billion Happyland project in Long An province.

>> Happyland Vietnam to take shape

After careful due diligence and discussions with his wife, family and advisers, Joseph Jackson said he had decided not to proceed with any further investment or involvement in Project Happyland Vietnam.

“It was very sad to part from a project that had so much potential, whose best days are still ahead of it and full of promise,” Jackson told VIR.

Project Happyland Vietnam, backed by Khang Thong Group is projected to be the largest theme park in South East Asia. The project started construction in February 2011 and plans call for it to welcome around 14 million customers annually after it opens in 2014.

According to Khang Thong Group, Jackson is the investor of the 1,000-room hotel in Happyland, but he denied any equity investment in this project.

Jackson said that he only inked an agreement to promote the project around the world and attract big foreign investors into Happyland.

“I signed an agreement to promote the project around the world and further assist in bringing very high caliber investors to look at theproject and possibly invest. My mandate was to be the spokesperson for the project, use my global outreach in getting the project Happyland to the global stage,” said Jackson.

“To be clear, I was never at the start to be an equity investor,” stressed Jackson.

Jackson said that he strongly believed in the project and its potential. As a result, he invested significant time to introduce the project around the world from American TV networks such as CNN, ABC and CBS.

VIR has contacted to Khang Thong Group about Jackson’s statements, but there was no reply from the group.

By Nguyen Ho

vir.com.vn

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