HONG Kong-based firm Jardines Matheson will complete the purchase of a 12.25 percent stake in Cambodia’s ACLEDA Bank by the end of next month, Prom Visoth, the bank’s senior vice president and head of the legal and corporate affairs division, said Wednesday. “About 80 percent of the bank’s internal paperwork and purchase papers have been completed so far,” he said. “We think that it will be in February – the latest by which we will complete the … deal.” ACLEDA and Jardines announced in December that the latter would by the stake from Dutch development bank FMO for an undisclosed sum.
Jardines deal by end Feb
- Proof giants walked among us humans?
For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,
- Japan bank buys major stake in ANZ Royal Bank
Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group
- Long way to go before Cambodia gets a ‘smart city’
Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up
- China-Cambodia tourism forum held
The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the country’s tourism minister said on