See: Hong Lai Huat signs MOU with CMEC for solar farm in Cambodia
According to the company, this is the second joint venture secured for the Cambodia-Singapore Agriculture Hub, a mixed-use development spanning over 100 million sq located about an hour away from Phnom Penh. Earlier in the year, Hong Lai Huat has also signed a joint cooperation agreement with Joe Green, granting them the rights to develop a concrete panel manufacturing plant at the hub.
In June, the company had announced a memorandum of understanding signed with Cambodia Hei Shi Mineral Co in June for the exploration and mining of mineral resources, in a deal with an estimated investment value of US$20 million ($26.5 million).
Shares in Hong Lai Huat closed flat at 9.5 cents on Oct 15.
Artist's impression of the Cambodia-Singapore Agriculture Hub: Hong Lai Huat
