8월 19, 2019
The Naga3 development project that’s on the site of the former “White Building” in Chamkarmon district’s Tonle Bassac commune in Phnom Penh, is set to commence construction in late September or early October.
NagaCorp Ltd Chairman Timothy Patrick McNally said on July 24 that late September had been earmarked as the preferred date to begin construction, pending an extraordinary general meeting.
“We have an EGM on August 8 to brief and get the concurrence of our minority shareholders . . . From there we’re hoping to commence construction at the end of September or early October,” McNally told Bloomberg TV at the time, as quoted by the Inside Asian Gaming (IAG) website.
According to GGRAsia, NagaCorp told the Hong Kong Stock Exchange on August 9 that the EGM of its shareholders the day before had voted in favour of its financing plan.
The Hong Kong-listed firm is planning an expansion of its integrated resort (IR) NagaWorld, which it says will set a standard to rival the best IRs in Macau.
In April, GGRAsia said, the company announced that its founder, NagaCorp chief executive Chen Lip Keong, would pay half of the $3.5 billion price for the project, excluding the cost of the land.
McNally said the proposed funding model, with the other 50 per cent to be contributed by NagaCorp itself, was considered the best option to serve all stakeholders.http://www.phnompenhpost.com/business/naga3-project-commence-construction-next-month