Logo of Phnom Penh Post newspaper Phnom Penh Post - New boss to take over from Sok Bun

New boss to take over from Sok Bun

New boss to take over from Sok Bun

Following real estate tycoon Sok Bun’s resignation last month, Teho International, developers of the $500 million The Bay condominium and hotel project, have appointed Yim Chhay Line as a director to the board of the joint venture in Cambodia.

Announced in a listing on the Singapore Stock Exchange, Yim Chhay Line, who is the daughter of Deputy Prime Minister Yim Chhay Ly, will take over the vacant director position at Teho-SBG Development, following the resignation of Sok Bun, who was caught on camera savagely beating former television presenter Ek Socheata, better known to her fans as Ms Sasa.

“The appointment of Mrs Yim – a recognisable and well-respected figure in Cambodia for her commitment to business and social endeavours – will be a tremendous asset for Teho International and to The Bay project,” said Lim See Hoe, executive chairman and CEO of Teho International.

The announcement called Yim “a leader in business and social endeavours”, as well as being “passionate about improving the lives of her fellow citizens.”

Sok Bun Group, owned by the disgraced tycoon Sok Bun will continue to be the majority stakeholder in the joint venture, with Teho International owning a 49 per cent stake in the company.

Announced in February, the hotel and residential project will be developed on the Chroy Changvar peninsula near the Sokha hotel.

Construction is expected to begin late this year and expected to be completed by late 2019.

The first phase of the project includes the building of the Okura Prestige Phnom Penh, a 45-storey luxury hotel expected to cost $50 million, and a 53-floor apartment building, touted to be the tallest building in the capital.

Once security footage of the incident circulated online, Sok Bun fled to Singapore only to be arrested on his arrival at the Phnom Penh International Airport on July 18.

Despite pleading to Prime Minister Hun Sen for leniency and offering $100,000 in compensation to the victim’s family, Bun was arrested on return to Cambodia and is awaiting trial on charges relating to the assult.

MOST VIEWED

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s