Phnom Penh SEZ, the developer and operator of the capital’s largest industrial park, has taken stakes in two new companies as a way of expanding its business activities, it said in a filing to the CSX on Friday.
The company secured a 60 percent shareholding of Sahas E&C and a 39 percent stake in Sahas Advisory & Consulting on January 24 and February 14, respectively.
Sahas E&C is involved in construction projects of buildings, roads, railway and utility service, while Sahas Advisory & Consulting offers tax and management consultancy services.
With the addition of the two companies, Phnom Penh SEZ has a total of three subsidiaries: Poi Pet (PPSEZ) Co Ltd, Sahas PPSEZ Co Ltd and Sahas E&C; and two associates: Bok Sen PPSEZ Dry Port Co Ltd and Sahas Advisory & Consulting.
The company also holds a 51 percent stake in Colben Energy (Cambodia) PPSEZ Ltd though classifies it as an associate due to the shareholder agreement providing the joint venture partner an option to recall 28 percent.