Logo of Phnom Penh Post newspaper Phnom Penh Post - PPSEZ says 14M shares to be sold to Thai firm

PPSEZ says 14M shares to be sold to Thai firm

PPSEZ says 14M shares to be sold to Thai firm

Phnom Penh SEZ Plc announced shareholder approval for the issuance of 14 million shares to be sold to Thai-listed logistics provider JWD InfoLogistics and Singaporean logistics management firm Bok Seng Group at its Extraordinary General Meeting on Friday, according to a recent press release.

Lim Chhiv Ho, chairwoman of Phnom Penh SEZ, said the decision was in line with the SEZ’s commitment to increase non-land sales revenue by 50 percent by the year 2020.

Ardisak Boeprasert, investor relations manager and disclosure officer of the Phnom Penh SEZ, said proceeds from the sale – the value of which was not immediately disclosed – would go toward infrastructure development and rental-warehouse projects.

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