Hong Lai Huat’s wholly-owned subsidiary, HLH Agriculture (Cambodia) has, on June 8, entered into a memorandum of understanding (MOU) with Cambodia Hei Shi Mineral Co to collaborate on the exploration and mining of mineral resources at the Cambodia-Singapore Agriculture Hub.
The collaboration has an estimated investment value of US$20 million ($26.5 million).
The MOU states that both HLH Agriculture and Cambodia Hei Shi Mineral regard one another as a strategic partner and will focus on the following aspects within the next three months to enter into a binding agreement.
