TEHO ENDS JV WITH SOK BUN

• 15 April 2016
• Local News
• 1164 Views

Singaporean real estate developer Teho International will terminate their JV with Sok Bun according to a company filing on the Singapore stock exchange on 23 February.

The Sok Bun Group was a 51 percent partner in Teho Cambodia which was developing the flagship $500 million ‘The Bay’ condominium.

The filing stated that, “The joint venture agreement shall be terminated with mutual consent and each party is released from its obligations under the agreement,” the filing read. “Sok Bun agrees to transfer 510 ordinary shares representing 51 per cent of the total issued share capital of the joint venture to Mrs Yim Chhay Line”.