Gunung Capital still evaluating opportunity to invest in a Cambodian bank

Gunung Capital Bhd said today it has been invited by promoters of a yet-to-be-issued, fully fledged commercial banking licence in Cambodia to evaluate a proposal to participate.

“At this stage of evaluation and discussions, the company cannot confirm the quantum of the investment value involved,” it said in a filing with Bursa Malaysia today.

Gunung Capital was commenting on a May 4 report by The Edge Malaysia that stated the company was planning to acquire a more than 20% equity stake in a financial institution in Cambodia, with total investment value estimated at over US$25 million.

In full: https://www.theedgemarkets.com/article/gunung-capital-still-evaluating-opportunity-invest-cambodian-bank

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