Read? Me too: Lian Beng
KSH-Lian Beng unit in Cambodia property deal
ISEA in joint venture to buy US$64m land and redevelop hotel on it
IMPERIAL South East Asia Investment (ISEA), 34.7 per cent owned
by KSH Holdings and 32.65 per cent owned by Lian Beng Group, is forming a
joint venture (JV) to acquire a piece of land in Cambodia for US$64
million, with plans to redevelop the existing hotel on it.
ISEA has signed a JV agreement with Lok Oknha Sear Rithy, a Cambodian national unrelated to both the listed property development groups, to set up a real estate development firm in Cambodia called New Global Imperial Investment.
The principal activity of New Global will be real estate development and investment holding in Cambodia.
New Global is expected, on incorporation, to have a registered capital of 20,000,000 KHR (approximately US$5,000), 49 per cent to be held by ISEA and 51 per cent by Sear Rithy.
Lian Beng cheong with high volume based on this news???
siao bo?
ISEA has signed a JV agreement with Lok Oknha Sear Rithy, a Cambodian national unrelated to both the listed property development groups, to set up a real estate development firm in Cambodia called New Global Imperial Investment.
The principal activity of New Global will be real estate development and investment holding in Cambodia.
New Global is expected, on incorporation, to have a registered capital of 20,000,000 KHR (approximately US$5,000), 49 per cent to be held by ISEA and 51 per cent by Sear Rithy.
Lian Beng cheong with high volume based on this news???
siao bo?
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