Logo of Phnom Penh Post newspaper Phnom Penh Post - Industrial park firm diversifies activities

Industrial park firm diversifies activities

Industrial park firm diversifies activities

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.

MOST VIEWED

  • First Khmer woman to pass out of West Point

    The life of a soldier certainly isn’t for everyone. The training is gruelling, the hours long and there’s no room for excuses. On top of that, soldiers must be ready to respond to sudden threats at a moment’s notice. Just ask Sithyka

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last