Activities/Announcements

Opening Ceremony of 2nd Factory of Sichuan New Hope Agribusiness (Cambodia) Co., Ltd.

On September 19, 2016, Phnom Penh SEZ Plc. was honored to witness the Grand Opening Ceremony for the second production line of Sichuan New Hope Agribusiness (Cambodia) Co., Ltd (“New Hope Cambodia”), which is the local subsidiary of New Hope Group (“NHG”), China’s largest privately held agricultural company. The new production capacity is to serve for the growing demand of animal feed domestically.

The ceremony was conducted under the presidency of H.E. Veng Sakhon, Minister of Ministry of Agriculture, Forestry, and Fishing, presence of the Company’s high-level managements and staffs, as well as many other distinguished guests from government and private sectors.

According to the speech delivered by Mr. Du Jiang Ping, General Director of Sichuan New Hope Agribusiness (Cambodia) Co., Ltd. NHG has been engaged in agribusiness since 1982. The company has been known as the largest feed producer in China and among the top-3 worldwide with annual production capacity of over than 20 million metric tons per annum. In addition, the company has extended the success to various businesses ranging from mill products, real estate, finance, chemicals and etc. The company reported the total sales revenue of 10 billion Yuan in the year 2015. Since 2010, New Hope Cambodia has committed to “Deliver the benefit to farmers, bring consumers the happiness”. The newly opened production line required 6 million USD for investment with the state-of-the-art technology. This production line aim to fulfill fast-growing agricultural industry in Cambodia.

We are delighted and honored to have new investment by current tenants reflecting their trust and appreciation on our dedication and commitment to the customers. We finally wish Sichuan New Hope Agribusiness (Cambodia) Co., Ltd. prosperity and continuing success in Cambodia. 

Training on Fire Fighting Drills and First Aid

On Saturday 17th, September 2016 at Phnom Penh SEZ Plc.’s office, Phnom Penh SEZ Plc. arranged one-day internal training on “Fire Fighting Drills and First Aid”. The main objective of this training was to create awareness on fire safety and to equip every individual with the basic knowledge of firefighting and enable staffs to carry out appropriate first aid in an emergency situation at work. 

The training was facilitated by Brigade 70 team.

Clarification on the delay in presenting the financial statements reviewed by independent auditors 2nd quarter 2016

The Company wish to inform and clarify to the public and potential investors that the 2nd Quarterly Reports (or herein refer to as the “Q2 Report”) was indeed issued on the 12th August 2016.  However due to technical error and misunderstanding of the disclosure and submission process, and in the absent of appropriate officer from our Company (or the “PPSP”) such as that of our Corporate Disclosure Officer cum Investor Relation Manager was not onboard, it caused such delay in the process of submission and to make timely disclosure, and only until all relevant reports were properly signed on 22nd August 2016 our 2nd Quarterly Reports were submitted and disclosed to Securities & Exchange Commission of Cambodia (SECC) and disclosed on Cambodia Securities Exchange (CSX).

The Management of the Company aware of the implication of such delay in releasing the results and has made efforts to ensure such incident will not recur, whereby the Company has fully understood the process of submission procedures with the Securities & Exchange Commission of Cambodia (SECC) for disclosure matters, and at the same time the Company has already appointed a full time Corporate Disclosure Officer / Investor Relation Manager onboard in handling the corporate disclosure and related matters with the authorities, and to deal with the potential investors in public, hence delay in such manner will not be recurred.

Please feel free to contact us should you have queries or you wish to obtain more information from us.  Thank you.

 

The Management,

Phnom Penh SEZ PLC

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Phnom Penh SEZ PLC. holds Extraordinary General Meeting ("EGM")

Phnom Penh, 7th September 2016 – On Tuesday 6th, Phnom Penh SEZ Plc. board of directors presented the 2015 audited results, the 2016 2nd Quarter Report and briefed on the status of ongoing development plans.

“Last year saw a global economic climate change. China’s growth has gradually slowed down due to structural reform towards domestic based consumption and the effect of this decline has been visible in various regions of the world, especially in South East Asia and also in Cambodia. Some industrial estates across the region have been affected by this slowdown but our company is solid and has shown a strong capacity to deal with such issues,” said Lok Chumteav Okhna Lim Chhiv Ho, Chairwomen of Phnom Penh SEZ Plc. in her introduction speech.

Despite a sluggish global economic climate at the close of last year, the industrial estate is in a strong financial situation. “Our net profit for 2015 is about US$ 4.1 million, which is a good result after tax contributions. We think that our investors can be satisfied,” says Mr. Fong Nee Wai, Chief Financial Officer of Phnom Penh SEZ Plc. “We are still young as a publicly listed company but our 10-year-old foundations are strong.”

During the EGM, Phnom Penh SEZ shareholders have adopted the 2015 financial statements (ending 31st December 2015), together with the directors’ and auditors’ report. In the meantime, Mr. Tanate Piriyothinkul has been appointed as Non-Executive Director. Both resolutions were embraced by a large majority (95.28% for – 0.33% against)

The EGM was also a great occasion for Phnom Penh SEZ board of directors to present the company’s future development plans to the shareholders: “We have spent a lot of time and energy to achieve a positive IPO campaign in order to be listed on the Cambodian Stock Exchange. During that time came the economic slowdown, and only five foreign companies purchased land in the special economic zone to build factories last year.” says Mr. Hiroshi Uematsu, CEO of Phnom Penh SEZ Plc. ”We are intensifying our efforts to target quality investors from countries within Asia, Europe and the US. We want to diversify our offer by providing direct construction work services, by increasing our offer of rental factories and by expanding our offer of other utility services for our investors. By 2020, we target to increase non-land sales (recurring income) up to 50%”

For the coming years the company has a focus on its latest SEZ project in Poipet: Poipet PP Special Economic Zone. “Poipet is located a mere two and a half hours from Bangkok and has seen a flurry of business activity in the past years. Its strategic location combined with widely available and cost effective labor, modest energy costs and reliable infrastructure, are making the area a hotspot in inter-Asean business flows and Poipet a strategic location for industrial developments,” says Hiroshi Uematsu.

Located in close proximity to the Thai border with direct access to the future Asian highway No.1, Poipet PP SEZ meets the demands of higher technology manufacturers currently operating in Thailand as well as those who in the near future want to benefit from a highly strategic location in the midst of the Asean Economic Community (AEC).

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SHINOHARA JOINS PHNOM PENH SEZ

Another premium Japanese brand is set to establish itself at Phnom Penh Special Economic Zone following the first investment deal made at the industrial estate after the introduction of direct flights from Tokyo to Phnom Penh last week.

Phnom Penh, 6th September 2015 – The two companies, represented by Mr. Hiroshi Uematsu, Chief Executive Officer of Phnom Penh SEZ PLC and Mr. Kazushige Shinohara, President of Shinohara Co.Ltd., have agreed on contract terms. The renowned cosmetic manufacturer is building a new facility at Phnom Penh Special Economic Zone.

"We are very excited to welcome Shinohara to Phnom Penh SEZ," said Hiroshi Uematsu. “Shinohara are the first Japanese company to join us since direct flights from Japan to Cambodia have been established. We expect that more Japanese companies will set up their operations at Phnom Penh SEZ in the near future.”

The transaction involves the purchase of 1.4ha of land from Phnom Penh SEZ by the Japanese manufacturer. Before starting construction in 2017, the Japanese cosmetic company is aiming to complete its official registration to be able to operate in the country by the end of this year.

"This direct flight will intensify the dynamism of our relations with Japan. It will hopefully contribute to accelerate our already existing good connections with Japan’s business community, especially in terms of business and investment. Cambodia is on the map for businesses worldwide who are keen to benefit from our open economy and the many, incentives the government offers to international investors,” says Uematsu.

The first direct flight between Tokyo and Phnom Penh by All Nippon Airways (ANA) landed on Thursday the 1st of September and is expected to drastically boost business and tourism between Japan and Cambodia.

“For investors, Cambodia will seem less far away from Tokyo with this direct flight. It is less time consuming and it will make a great difference for business people to come and explore the potential of Cambodia’s economic growth and development.”

As of today, Phnom Penh SEZ is the number one destination for Japanese investment in the country, with 43 Japanese companies inside the zone. This most recent signing highlights the ability of the industrial estate to attract Japanese manufacturers to Cambodia, bringing a wide range of new industry sectors to the country and contributing greatly to the diversification of the Cambodian economy.

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Contact Information

Phnom Penh Special Economic Zone
National Road No.4, Khan Posenchey,
Phnom Penh, Cambodia.

T:
+855 (0)23 729 798
F: +855 (0)23 729 799