Tom Brennan
The Phnom Penh Post
MALAYSIAN firm Lion Forest Industries Berhad plans to acquire 58,000 hectares of land in Kampong Thom province for US$26.1 million, the company announced yesterday.
The company has also announced its intention to purchase 9,995 hectares of land in Preah Vihear province for $3.9 million, according to a previous statement.
LFIB, which distributes building materials, petroleum and automotive products, will use the land to plant oil palm and rubber, a company statement said.
The move comes after LFIB over the past year has disposed of its tyre operations in Malaysia and China and seeks to identify a new core business, according to the statement.
“The proposal allows the LFIB Group the opportunity to tap into a new core business and also to diversify its earnings stream by investing in lands for the purposes of plantation of rubber and/or oil palm.”
LFIB will partner with domestic firm Seng Enterprise on the deal, with Seng Enterprise helping LFIB to attain the economic land concession from the Cambodian government.
Seng Enterprise will assist six wholly owned subsidiaries of Harta Impiana, which itself is a wholly owned subsidiary of LFIB, to buy land rights at $450 per hectare for a period of no less than 70 years.
Each of the six subsidiaries will purchase 10,000 hectares or under, the filing said. Land concessions can be no larger than 10,000 hectares, according to Cambodian law. The deals are expected to be completed later in 2011, it said.
2 comments:
Hi Everyone,
One of KI-Media member who has his name in Facebook as Khmer Sovannaphumi but his real name is Pang Sokhoeun, former political asylum and now living in Sweden. He always copies news from here to post in his facebook profile to promote himself, but right now, he tries to remove and blocked anyone who dares to reveal his con activity particular he tries to hide what he has cheated his wife (Sreypov Chea) by having a girlfriend (Sokunthear Sam) behind his wife back. Now, his girlfriend had run way from him after she knew his cheating.
A con man Pang Sokhoeun as well as KI-Media like to insult to the government officers who have affairs, but himself does even worse than other people. What a shame!
When one person had posted in KI-Media and accused that a con man Pang Sokhoeun is a brother of Som Ek (former Chief of Tiger's head sign guerilla, who was arrested and put in prison by Cambodian government) during that time, a cheater Pang Sokhoeun came to deny in his blogs immediately and had pointed the blame to Mr. Sourn Serey Rotha, but this time, he has bury his head in the sand because he cannot deny the truth that he has cheated his wife. Right now, all he can do is removed and blocked anyone who dared to reveal his cheating.
នាទីនយោបាយផ្សេង នាទីស្នេហាផ្សេង និង
នាទីសហាយស្មន់ផ្សេង ត្រូវបែងចែកច្បាស់
លាស់។កុំឲ្យខ្មែរនិងខ្មែរយកពាក្យ"ខ្មែរស៊ុត
ទ្រុតមិនចោលពាក្យចែចូវ"។
ថ្ងៃនេះ ខ្លួនយើងស្អាត ថ្ងៃក្រោយខ្លួនយើង
កក្វក់ដូចជនណាមួយក្នុងខេអាយ ឬ ទីដទៃ
ដែរ។
ដូច្នេះ សូមយើងគ្រប់រូប គួរយកពាក្យ
"ខ្មែរចិត្តមុះមុតប៉ិនសាមគ្គី"។
សូមមេត្តា កុំយករឿងស្នេហាសហាយស្មន់
មកនិយាយ។
សូមជ្រាបថា ពៀរមិនរំងាប់ដោយពៀរ គឺនៅ
តែចងពៀរគ្នារហូត។សូមឈប់បៀតបៀនគ្នា
ទៅ។ ស្អប់គេប៉ុណ្ណា ទុក្ខវេទនាខ្លួនឯងប៉ុណ្ណឹង។
ចងកំហឹងជាការកំឡៅ។
Please listen,love,care,respect
forgive and forget other people.
Happy is your main business.
Nobody loves you than you love
yourself.
Good deed gets good deed.
I love you,
Your lovely friend
Sadhya
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