Kingsland sells Cambodian hotel

Company News

 
Kingsland Global Limited (ASX:KLO) says it has managed to sell its Oknha Peich Hotel in Cambodia for over US$13 million. 
 
The sale to Vivaz Holdings will result in a pre-tax profit of around $5 million for the company. 
 
The hotel is still under construction and slated for completion in the second quarter of 2017. 
 
Kingsland only just listed on the ASX last month. 

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