Logo of Phnom Penh Post newspaper Phnom Penh Post - AWS to sell Cambodian arm to its local partner

AWS to sell Cambodian arm to its local partner

AWS to sell Cambodian arm to its local partner

Asia Wiring Systems (AWS), a subsidiary of global technology investment firm DeClout, will sell a controlling stake in its Cambodian branch to its local partner, according to industry reports.

Ly Sakhun, who already holds a 45 percent stake in AWS (Cambodia), will purchase the remaining shares of the company for $570,000. The firm provides communications and connectivity solutions to enterprises.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Malaysian MP calls on his government to take stand on Cambodian elections

    A Malaysian parliamentarian raised concerns in his country on Wednesday about Cambodia’s July 29 national elections and urged his government to clarify its position on the subject, the Asean Parliamentarians for Human Rights (APHR) said on Thursday. Wong Chen, a member of the People’s

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not