Chinese firm plans $500m investment

China’s Julun International Holdings is planning a US$500 million joint venture in the Kingdom’s extractive and energy sectors with an as yet unnamed domestic partner, a Cambodian government official said.

Julun chairman Xie Henry led a group of delegates on Friday to meet with National Assembly president Heng Samrin, according to National Assembly cabinet director Kaom Kosal.

The investment is expected to be spread out over six years in Kampot and Preah Vihear provinces.

He did not disclose the details of Julun’s plan, as the company had not yet signed any agreement with a domestic partner or conducted a feasibility study.

Julun specialises in coal power plants and oil and gas extraction, Kaom Kosal said.

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