PNHOM PENH, April 21 (Xinhua)—Malaysian conglomerate The Lion Group has planned to invest in property development, agro-industry, mineral resource, and sewage treatment plant in Cambodia, said the group’s chairman on Thursday.
During a meeting here with Cambodian Prime Minister Hun Sen, Tan Sri William Cheng Heng Jem, the chairman of the Lion Group of Malaysia, said that his company has the desire to invest in shopping mall development, rubber and oil palm plantations, iron ire exploration and steel plant, and sewage treatment plant water treatment in Cambodia, the premier’s spokesman, Eang Sophalleth told reporters after the meeting.
He added that currently the company has been studying for building sewage treatment plant in Phnom Penh and the study will be completed in September this year.
It is not disclosed the sum of investment the company plans for ventures in Cambodia, said Eang Sophalleth.
Meanwhile, Hun Sen expressed his support for the company’s desire to put the investment in Cambodia and recommended the company to consider its investment in building a tyre plant in Cambodia.
He also advised the company to work with Cambodian relevant ministries for any sectors the company is willing to invest in.
The Lion Group was established in the 1930’s and today, has operations in Malaysia, Singapore, Indonesia, China, USA, Mexico, Vietnam and Hong Kong, according to its website.
Its main businesses are steel, motor, tyre, computer, plantation, retail and property development. The Group has also ventured into China with operations in the retail, automotive and tyre businesses.
The Group has five companies listed on Bursa Malaysia with another two each in Indonesia and Singapore; and one in Hong Kong.
It has an annual group turnover of approximately RM 17.3 billion (4.9 billion U.S. dollars) and provides employment for about 23,500 people, it added. (Written by Nguon Sovan)
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