Logo of Phnom Penh Post newspaper Phnom Penh Post - Firm behind Kirirom resort gets new funding

Firm behind Kirirom resort gets new funding

Content image - Phnom Penh Post
The restaurant area of the vKirirom Pine Resort in the Kirirom National Park in Kampong Speu province. Photo: vKirirom.com

Firm behind Kirirom resort gets new funding

Japanese development firm A2A Town Cambodia, which operates the vKirirom Pine Resort in the Kirirom National Park in Kampong Speu province, has successfully secured $5.3 million in fresh investment through the third party allocation of new shares, according to a release yesterday in the Japan Times.

According to the release, the investment will be used to greater develop the company’s Kiririom Institute of Technology (KIT), the resort’s leisure facilities and strengthen the firms operating structure and marketing plan.

A2A Town Cambodia was granted a nearly 10,000-hectare economic land concession from the government in the Kirirom National Park in 2012, and has a $340 million plan that over 20 years aims to develop numerous hotels, a shopping mall and The vKirirom Nature City.

MOST VIEWED

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the