Friday, 22 February 2008

NV Multi to build memorial park in Cambodia

theedgedaily.com
22-02-2008
By Yantoultra Ngui Yichen


KUALA LUMPUR: NV Multi Corporation Bhd’s unit NV Multi Resources Sdn Bhd has teamed up with an individual, Kau Kim Bac, to undertake the development, operation and management of a memorial park in Thloeuk Village, Angsnoul District in Cambodia.

The bereavement care services provider told Bursa Malaysia yesterday that the joint venture (JV) was in line with its objectives of expanding its business activities to other Asian countries.
It said the project would be funded by internal funds and external borrowings. NV Multi will hold a 49% stake in the JV company.

The project, which includes the acquisition of land measuring some 10ha, would involve the construction and eventual sale of a memorial park with columbarium, burial lots, temples, chapel, funeral parlour, crematorium, and leisure park with related infrastructure.

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