Loran owners resolve dispute, end lawsuits
Disputes between owners at prominent rice miller Loran Import Export Company have been resolved, with Chief Executive Officer Lim Bunheng set to buy the stake held by prominent media personality Soy Sopheap and his associates, company officials said yesterday. “We have agreed to end all disputes between [Loran] and Soy Sopheap, with both parties agreeing to withdraw all lawsuits from the court,” Loran Vice President Lim Bunseng told The Post yesterday. Soy Sopheap and three others had become shareholders in Loran Import Export in July 2010. The dispute stems from November of that year, when Lim Bunheng set up Loran Group excluding Soy Sopheap and three others from the ownership.
