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HLH Group scraps $16 mil sale of D'Seaview Hotel on payment issues

By Michelle Zhu

/ The Edge Singapore |

December 12, 2018 12:10 PM SGT

SINGAPORE (Dec 12): Hong Lai Huat Group (HLH Group) is terminating its $15.7 million sale of D’Seaview Hotel, a component of the group’s mixed-use development project in Cambodia.

This is because buyer has failed to make fulfil the requisites for payment for the project after only making partial payment to HLH Group its Cambodian subsidiary PH One Development, the project’s vendor.

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offshore Cambodia

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