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Phnom Penh court to catalogue Mfone assets

The Phnom Penh Municipal Court will today implement its warrant of injunction to freeze Mfone’s assets.

Judge Sin Visal banned Mfone last month from selling any of its assets that are equal to the $65 million it owes the Chinese telco provider Huawei Technologies for metals.

“We will implement the warrant at 2pm [today] by recording Mfone’s fixed assets and current assets,” Huawei’s lawyer, Kuoy Thunna, said.

[Mfone] cannot sell or transfer any of its assets, even for charity, because [we] will not let them escape from this debt.”

Mfone business development manager Sim Saren told the Post in late January the company did not have the money to pay off its debts.

To contact the reporter on this story: May Kunmakara at kunmakara.may@phnompenhpost.com
 

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