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Jardine invests $34m in Cambodia’s ACLEDA

| Publication date 02 August 2010 | 08:00 ICT

Jardine invests $34m in Cambodia’s ACLEDA

THE strategic wing of multinational corporation Jardine Matheson bought a 12.25 percent stake in Cambodia’s ACLEDA bank for US$34 million, nearly three times the book price, according to its first half report. When the purchase was first announced last year, ACLEDA president In Channy said the book value of the stake was $12.51 million. The sum involved was at the time undisclosed.

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