Lian Beng ($0.575, up 0.5 ct) together with KSH Holdings ($0.45, down 0.5 ct) and Heeton Holdings ($0.65, up 0.5 ct) announced that their jointly-owned associated company, Imperial South East Asia Investment Pte Ltd (ISEA) has entered into a joint venture agreement with Lok Oknha Sear Rithy, an unrelated Cambodian national for the purposes of an investment in Cambodia.
Under this agreement, the parties will establish a company called New Global Imperial Investment Co Ltd, which are jointly owned by ISEA (49%) and Sear Rithy (51%). The principal activity of New Global will be real estate development and investment holding in Cambodia.
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