Phnom Penh (FN), Dec. 21 – Inter Logistics (Cambodia) Co., Ltd, a subsidiary of Royal Group of Companies, has acquired 45,09% of total shares of Phnom Penh SEZ Plc. (PPSP), becoming the largest shareholders of the company.

SBI Royal Securities is the broker for the acquisition.

PPSP’s main business is to develop and operate PPSEZ, which has welcomed numerous tenants operating in diverse fields such as construction, security, tax consultation and support, property development and management.

PPSP received approval as a developer and operator of a multi-product SEZ from the Royal Government of Cambodia on 19 April 2006. PPSP is a listed company in the Cambodia Securities Exchange (CSX) since 2016.

"This acquisition is another great milestone for the development of the Royal Group of Companies. PPSP is one of the first and biggest SEZ in Cambodia which contributes to the economic development by bringing in more than 95 manufacturing and service companies from 12 different countries and employing more than 32,000 people,” said Kith Meng, chairman of the Royal Group.

“The SEZ provides services for clients from Japan, China, Singapore, the United States, Malaysia, the Netherlands, and Australia in wide-ranging industries including automobile parts, garment, food and beverage, plastic products, electronic products, and jewelry. With this investment, we will work closely with the management team of PPSP to bring more new technology systems, management, business strategies, and investors to continue to develop the company and contribute to the kingdom’s socio-economic activities," he added.
=FRESH NEWS