Hong Lai Huat completes full divestment of Cambodia agribusiness
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The group received the final $1.3m (US$1m) payment on 5 March.SGX-listed Hong Lai Huat Group Limited has completed the sale of its entire agriculture business in Cambodia.HLH Agri International Pte Ltd, a wholly-owned subsidiary of the group, received the final $1.3m (US$1m) payment from the buyer for HLH Agriculture (Cambodia) Co., Ltd. (HLHA) on 5 March.With this payment, the group has received the full $47.9m (US$37.5m) for the sales of HLHI (Cambodia) Company Limited and HLHA, officially ending its involvement in Cambodia’s agriculture sector.($1 = US$0.78)
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