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Oxley Holdings Ltd Announces Change Of Shareholding In Subsidiary

Friday, 22 Nov 2013 04:54am EST 

Oxley Holdings Ltd announced that with reference to the announcement made on July 15, 2013, in relation to the joint venture with Worldbridge Land Co Ltd to develop the land situated at Village 14, Sangkat Tonle Bassac, Khan Chamkamor, Phnom Penh, Cambodia (the Land). Further thereto, the Group’s 75%-owned subsidiary, Oxley Diamond (Cambodia) Co., Ltd. (Oxley Diamond Cambodia), has been designated as the joint venture company to develop the Land. For this purpose, the Group has reduced its shareholding in Oxley Diamond Cambodia to 50%, and the remaining 50% shareholding is held by Worldbridge Land (Cambodia) Co., Ltd. 

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