（INNEWS）Kasen International Holdings Limited (00496) announced that it has acquired a 49% stake in Koh Kong Zhejiang Sez Co., Ltd. (target company) from Zhu Jiayun for a consideration of HK$338 million, which will be paid in cash and by the issuance of convertible bonds.
The target company holds national highway No. 4 located in Boeng Preav Township and Chrouy Svay Township, Srae Ambel District, Koh Kong Province, Kingdom of Cambodia. The land, which has a total area of approximately 1,134 hectares, is freehold and is currently vacant and earmarked for industrial use. (WH) Zhu Jiayun is the daughter of Zhu Zhangjin, the company’s executive director and controlling shareholder.