Chinese Firm to Invest $100M in Rice Mill
A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development Company Ltd signed a memorandum of understanding with Cambodia’s Soma Group Company Ltd to build the rice mill and export the finished product during a meeting Friday between Deputy Prime Minister Sok An and a delegation of investors from Yunnan province, Council of Ministers spokesman Ek Tha said. …
