HLH Invests in Preah Sihanouk Land

• 16 January 2016
• Local News
• 773 Views

Singapore-based agriculture and property group HLH Group has acquired a 30 percent interest in two plots of lands in Cambodia through its subsidiary.

Purchased for $2.8 million the plots are located at Preah Sihanouk Province with sizes of 4,295 sqm and 5,427 sqm respectively. In a filing, HLH said the purchase was negotiated on a willing-buyer-willing-seller basis, accounting for the location and development prospects of the property.

The transaction is part of the HLH’s continual effort to look for development opportunities around the region, which includes the recently launched CAMHOMES affordable housing developer. On the announcement of the news, shares in HLH Group closed up by 10 percent.