Property developer Hong Lai Huat Group has inked a joint venture (JV) agreement with HSC Group to explore and mine mineral resources at the former’s mixed-use agricultural hub in Cambodia.
Following the signing of the agreement, the group will obtain local regulatory approval required for the mining operation, which is estimated to commence from the following month, it said in a bourse filing on Monday (Oct 18).
The mainboard-listed group expects the JV will generate long-term revenues from the group’s Cambodian assets.
