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Ocean Sky sets up JV company to develop Cambodia mall project

PC Lee Published on Thu, Apr 13, 2017 / 7:45 AM GMT+8

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SINGAPORE (April 13): Ocean Sky International says subsidiary Pacific Sky Investment (PSIPL), together with JV partners CIAC Investment (CIAC) and Centra Properties (CPPL), is incorporating a private company called Eco Garden Mall Co. to carry out the development, construction, marketing and management of the Project Eco Garden Mall.

The JV company will have an issued and paid-up capital of US$300,000 comprising 300,000 shares which will be divided equally among the three JV partners.

Upon incorporation of the JV company, the JV partners shall extend a shareholder loan of US$1.95 million to the JV company.