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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.

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