Logo of Phnom Penh Post newspaper Phnom Penh Post - Royal Group and PTT Cambodia sign MoU to expand businesses in the Kingdom

Royal Group and PTT Cambodia sign MoU to expand businesses in the Kingdom

Content image - Phnom Penh Post
Neak Oknha Kith Meng (left) and Songpon Thepnumsommanus.

Royal Group and PTT Cambodia sign MoU to expand businesses in the Kingdom

Royal Group – Cambodia’s leading investment and development conglomerate – has signed a memorandum of understanding (MoU) with international oil and retail company PTT (Cambodia) Limited (PTTCL) in a move that will strengthen its business operations throughout the Kingdom.

Royal Group chairman and CEO Neak Oknha Kith Meng and PTTCL managing director Songpon Thepnumsommanus signed the agreement on Thursday at a ceremony held at a leading hotel in Phnom Penh.

Senior management from both companies and other business leaders witnessed the signing.

As part of the MoU, Royal Group and PTTCL will explore opportunities to jointly develop payment solutions and financial services, as well as sales and marketing, across all of PTTCL’s operations nationwide.

Content image - Phnom Penh Post
The MoU will help both companies expand operations.

Neak Oknha Kith Meng said he welcomed the signing of the MoU and the close business relationship that will follow.

“This ceremony is a strategic milestone for both parties and marks an important step towards greater business collaboration,” he said.

Songpon said PTTCL looked forward to working with Royal Group.

“We are delighted to be signing this MoU with Royal Group and are excited to be working with them, and their wealth of expertise will help further grow our presence in the country. This also shows PTTCL’s commitment towards helping Cambodia develop and advance into the digital age,” he said.

Content image - Phnom Penh Post
Management from Royal Group and PTT Cambodia pose for a group photo before the signing ceremony on Thursday.

Royal Group is an investment and development conglomerate with a diverse portfolio including more than 30 companies spanning banking and finance, power and energy, hospitality, media, telecommunications and property development.

PTTCL is a Thailand-based petroleum company that supplies, distributes and markets petroleum and related products.

In addition to its petroleum business, PTTCL also owns Cafe Amazon, Jiffy Mart, Pearly Tea and Fit Auto.

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