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Cambodia: PPSEZ says 14M shares to be sold to Thai firm
Phnom Penh SEZ Plc announced shareholder approval for the issuance of 14 million shares to be sold to Thai-listed logistics provider JWD InfoLogistics and Singaporean logistics management firm Bok Seng Group at its Extraordinary General Meeting on Friday, according to a recent press release.
Lim Chhiv Ho, chairwoman of Phnom Penh SEZ, said the decision was in line with the SEZ’s commitment to increase non-land sales revenue by 50 percent by the year 2020.
Ardisak Boeprasert, investor relations manager and disclosure officer of the Phnom Penh SEZ, said proceeds from the sale – the value of which was not immediately disclosed – would go toward infrastructure development and rental-warehouse projects.
Source: http://www.phnompenhpost.com/business/ppsez-says-14m-shares-be-sold-thai-firm