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Oxley Holdings Ltd Announces Incorporation Of Subsidiaries In Cambodia


Wednesday, 10 Jul 2013 05:20am EDT 

Oxley Holdings Ltd and together with its subsidiaries, announced that the Group has incorporated four subsidiaries in Cambodia, namely, Oxley Emerald (Cambodia) Co., Ltd, Oxley Gem (Cambodia) Co., Ltd, Oxley Sapphire (Cambodia) Co., Ltd and Oxley Diamond (Cambodia) Co., Ltd. Upon incorporation, each of the Subsidiaries has an issued and paid-up capital of 20,000,000 KHR (approximately SGD6,316) divided into 1,000 shares of 20,000 KHR each, with 750 shares held by Oxley Holdings (Cambodia) Co., Ltd, a wholly-owned subsidiary of the Group, and the other 250 shares held by Worldbridge Land (Cambodia) Co., Ltd, an unrelated third party and the Group’s joint venture partner in Cambodia. Each of the Subsidiaries shall exist for a period of 99 years from its date of registration. The Subsidiaries will undertake property development in Cambodia. The incorporation of the Subsidiaries is in line with the Group’s expansion plans in Cambodia. The investments in the Subsidiaries were funded by internal resources. 

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