Teho's flagship Cambodia project still on track, says MD

Singapore

TEHO International's flagship integrated project in Cambodia, The Bay, remains on track, notwithstanding the resignation of an influential local partner as director of the joint venture company.

Sok Bun, a real estate magnate accused of a brutal attack on a former television presenter in Cambodia last week, has stepped down as a director of Teho SBG Development, a 51-49 joint venture between Mr Bun and Teho's unit Teho Development (Cambodia).

But he still owns a 51 per cent stake in the joint venture since foreigners are not allowed to own more than 49 per cent of prope…