KSH-Lian Beng unit in Cambodia property deal
ISEA in joint venture to buy US$64m land and redevelop hotel on it
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IMPERIAL South East Asia Investment (ISEA), 34.7 per cent owned by KSH Holdings and 32.65 per cent owned by Lian Beng Group, is forming a joint venture (JV) to acquire a piece of land in Cambodia for US$64 million, with plans to redevelop the existing hotel on it.
ISEA has signed a JV agreement with Lok Oknha Sear Rithy, a Cambodian national unrelated to both the listed property development groups, to set up a real estate development firm in Cambodia called New Global Imperial Investment.
The principal activity of New Global will be real estate development and investment holding in Cambodia.
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