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TRC buys Delta stake

TRC buys Delta stake

MALAYSIAN firm Trans Resources Corporation (TRC) Synergy Berhad announced Wednesday the acquisition of a 26 percent stake in Cambodia’s Delta Garden Limited for US$1.95 million. The deal was facilitated through a subsidiary, TRC Land (Cambodia) Limited, formed on October 28 as an investment vehicle for the company in construction and property-development sectors in the Kingdom, a statement said. Delta Garden said it intends to construct 123 housing units along the Tonle Bassac river, south of Phnom Penh, but refused to comment on the present state of construction at the site.

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