Logo of Phnom Penh Post newspaper Phnom Penh Post - Court issues injunction to top rice milling firm

Court issues injunction to top rice milling firm

Court issues injunction to top rice milling firm

BATTAMBANG provincial court has issued an injunction halting the sale of any part of Loran Import Export Company in a dispute over ownership of the prominent rice milling firm, according to a statement.

The plaintiffs, including prominent media personality Soy Sopheap as well as Uy Ang Eng, and Dy Borima, had become shareholders in Loran in July 2010, the injunction said.

The dispute stems from a decision by Loran Import Export President and CEO Lim Bunheng to set up Loran Group in November last year, which excluded the plaintiffs in its ownership structure, Soy Sopheap’s lawyer Kuoy Thunna said yesterday.

“The new company is a rice company, same as the old one. It’s not right to be shareholders in one company and opening a second company in the same business,” he said.

Loran Group had no assets, and the injunction would prevent any transfer of assets such as machinery to the company from Loran Import Export, he claimed.

The injunction, handed down by judge Saoeun Kosal Mony on July 18, halted any attempt by Loran Import Export to sell, rent or mortgage the company’s property. However, he denied three further requests by the plaintiffs, who had also asked to share in profits, for the court to make records of the company’s property, and halt activity at the mill.

Loran Import Export, represented by lawyer Khiev Sambo, had previously filed a complaint to the Phnom Penh Municipal Court to invalidate the contract between Loran and Soy Sopheap’s group.

The injunction quoted Khiev Sambo as saying Soy Sopheap’s demands were not just as “the plaintiff had not yet paid in full for its shares, and had never joined in with company operations”.

Yesterday, Khiev Sambo declined to comment on the court’s decision. Lim Bunheng could not be reached.


  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong