[PHNOM PENH POST]
Malaysian conglomerate The Lion Group plans to make big investments in
Cambodia, the company’s chairman said yesterday, though specific figures
were not revealed.
During a meeting in the capital’s Phnom Penh
Peace Palace with Prime Minister Hun Sen, Chairman Tan Sri William Cheng
Heng Jem said his company was considering plans to invest in shopping
malls, rubber and palm-oil plantations, iron ore exploration and steel
and sewage treatment plants in the Kingdom, according to Eang
Sophalleth, assistant to the Prime Minister.
“Hun Sen expressed
his support for the company’s desire to invest in Cambodia,” Eang
Sophalleth said yesterday, adding Hun Sen suggested The Lion Group would
work with the relevant ministries to push forward with its plans.
The
company would not disclose the exact amount of the total investments,
Eang Sophalleth. The Prime Minister also called on The Lion Group to
consider building a tyre plant in the Kingdom, Eang Sophalleth said,
adding the group has been researching the potential for a sewage plant
in Phnom Penh.
The Lion Group has operations across Southeast
Asia, as well as China, the United States and Mexico. The company’s
businesses vary from steel production to plantations to retail and
property development.
The Group has five companies listed on
Bursa Malaysia with another two each in Indonesia and Singapore; and
another in Hong Kong.
No comments:
Post a Comment