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Reserve Vineyards and Golf Club Changes Hands

ALOHA, OR-The resort and country club was sold by Korea-based Dong Shin Construction, which has merged with a subsidiary of the buyer, America Time East Media Group, and requested listing on the Nasdaq National Market.

By Brian K. Miller | Updated on December 13, 2001

ALOHA, OR- The Reserve Vineyards and Golf Club traded hands this week when owner Dong Shin Construction of Seoul, South Korea sold its United States real estate division to America Time East Media Group, which is traded on the Over-The-Counter Bulletin Board.

The resort and country club property was the U.S. division’s only holding. Dong Shin also sold to America Time East Media a 50% interest in its Australia division, which owns a piece of prime land in the heart of Sydney eligible for development of a shopping mall and a tower block of apartments sitting on the podium of the shopping mall.

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