Banya Group. Co., Ltd. is a private limited company. The firm has registered with the Ministry of Commerce with the initial capital of 20 million riels. It plans to invest 684,390,961 U.S. dollars in projects to develop tourist entertainment centers, new city (ANGKOR NEW CITY) and in agro-industry.
Banya Group. Co., Ltd. has received from the Royal Government of Cambodia, in principle, legal documents provided below, accompanied by relevant detailed documents that are attached in ANNEX 6.
Letter number 405 SorChorNor dated March 20, 2008 from H.E. Prak Sokhon, Secretary of State acting on behalf of the Deputy Prime Minister and Minister in Charge of the Office of Council Ministers, to H.E. Minister of Agriculture, Forestry and Fishery, about the request for principle to divest 7,000 hectares of land from forest concession of Samrong Wood company in L'vea Kraing and Srae Noy communes, Varin district, Siem Reap Province, to give to Banya Group. Co., Ltd. to invest in projects to build new tourist resort Angkor New City and in agro-industry.