Hong Lai Huat to sell Cambodia investment property for US$1.12m

MAINBOARD-listed property developer Hong Lai Huat Group is selling its investment property in Cambodia for US$1.12 million, the company announced on Monday morning before market open.

The company said it has entered into a sale and purchase agreement for the property in Kandal Province, Cambodia. The identity of the buyer was not disclosed. The property has a land area of 8,499 square metres , and a built-up area of 4,698 sq m for the factory, the company said.Shares in Hong Lai Huat closed at 25 Singapore cents on Friday, down 1.96 per cent, or 0.5 Singapore cent.

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