400 milion US$ into Cambodia , are they mad ?
you can do a lot with 400 milion UIS$ in Thailand and in
Vietnam .
no body would , in their right mind would put more than
50 million US$ into Cambodia ,
the BHP has been here in Cambodia for a long time ,
and prince Awaleed just bought the Royal Grand hotel for
less than 50 millions US$ .
400 million us$ is a lot of stinky gaz from Jim Rogers .
On May 15, 1:26=A0pm, Chim <Chi...@[EMAIL PROTECTED]
> wrote:
> Thursday, May 15, 2008
>
> Cambodia draws interest of private equity
>
> By Netty Ismail, Bloomberg
>
> SINGA****E -- Private-equity investors are venturing into Cambodia, as
> the nation that three decades ago abolished money under the Khmer
> Rouge seeks more than US$6 billion to rebuild itself.
> Leopard Capital and Cambodia Investment & Development Fund are among
> those planning to put more than US$450 million in the second-poorest
> of 10 Southeast Asian nations. Cambodia Investment is getting advice
> from Jim Rogers, who predicted the start of the commodities boom in
> 1999, and Marc Faber, who forecast Asian assets would decline before
> the regional financial crisis in 1997.
>
> "It's a country that's changed a lot and investors are finally waking
> up to that," said Douglas Clayton, founder of Leopard Capital, who is
> based in Phnom Penh and is seeking to raise US$100 million. "Most
> people have an outdated perception of Cambodia; clearly the country
> has made significant progress."
>
> Prime Minister Hun Sen is relying on the country's oil and mineral
> resources to attract foreign investments and reduce Cambodia's
> dependence on clothing ex****ts and tourism for growth as he prepares
> for an election in July. The funds will move money into banks, office
> buildings, luxury hotels, ****ts and other projects.
>
> "Cambodia does have a lot of natural resources, it does have an
> ambitious population, and it does have some assets," said Singa****e-
> based Rogers, who co-founded the Quantum hedge fund with George Soros
> during the 1970s, and is now chairman of Rogers Holdings. "Most
> countries that come out of something like they have are inclined to be
> pretty safe for a while because they're trying to get money in."
>
> Leopard Capital's first planned investment, a housing project in Siem
> Reap, probably will generate a return of more than 60 percent a year,
> about three times the internal target for private-equity investments,
> said Clayton, who moved to Phnom Penh from Bangkok last June.
>
> Clayton was a hedge fund manager at Knight Asia Group and head of CLSA
> Securities in Thailand before setting up Leopard Capital in 2007.
> Faber, publisher of the Gloom, Boom & Doom re****t, is a director at
> Leopard Capital.
>
> Peter Brimble and Bradley Gordon, Clayton's former partners at Leopard
> Capital, are starting the US$100 million Cambodia Emerald fund this
> year to invest in tourism, agriculture, financial institutions,
> infrastructure and real estate.
>
> The fund plans to close at least one deal before the end of the year,
> said Brimble, who's based in Phnom Penh. LR Global Partners in New
> York and London-based Kazimir Partners are investors in Cambodia
> Emerald, he said.
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