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HLH Group awards construction project in Cambodia for US$36.8m
HLH Group, listed on the Singapore Exchange mainboard, on Thursday said it has awarded a construction project in Sihanoukville, Cambodia, to Yanjian Group (Cambodia) Co Ltd for about US$36.8 million.
Yanjian Group (Cambodia) Co Ltd is a subsidiary of Yanjian Group Co Ltd.
The D'Seaview project is situated in the heart of Sihanoukville, Cambodia's third largest province, and is a mixed-use development comprising 737 residential units with about 14,000 square metres of commercial space.
The commercial units of D'Seaview, which includes a mixture of commercial spaces, retail spaces, commercial buildings and a hotel, are scheduled to be completed in Q4 2017. The residential units are expected to be completed by 2018.
As per the signed contract, the parent company, Yanjian Group Co, will provide a 40 per cent guarantee on the construction amount to assure the successful completion of the construction.