Teho's JV partner in Cambodia 'to resign for personal reasons'
PROPERTY developer and marine company Teho International Inc said on Friday that Sok Bun, who is the group's joint-venture (JV) partner and the director of its two JV companies in Cambodia, has "agreed to resign" from his directorship with immediate effect. This was due to "personal reasons", said Teho, without elaborating.
Mr Bun was the local partner for the residential project The Bay. Eric Cheng, managing director of Teho Development, and Dax Ng, managing director of Teho Development (Cambodia), will assume the responsibility of the day-to-day operations of the project in Cambodia.
"Teho International remains committed to moving forward with 'The Bay' development, and remains committed to making the project a success," the company said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in