World News: 14:00 GMT Monday 11th February 2019. [Resources Global Services Group (RGSG) via Globe Newswire via SPi World News]
AUSTRALIA, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Resources Global Services Group (RGSG) announces the Acquisition of RGS Global (Land)
The land parcels are earmarked for the future development of hospitality and entertainment targeted at the tourists and the local affluent society. Siem Reap, is a very popular tourist attraction, and is the gateway to the ruins of Angkor Wat. Angkor Wat is the heart and soul of Cambodia, a city of complex intricate stone monuments representing historical Khmer architecture. It has become a symbol of Cambodia, appearing on Cambodias national flag, and it is the country's prime attraction for visitors.
Chairman of RGS Global, Mr Sherman Liew; is involved with a number of investment projects in Cambodia, working with local organisations and the governmental authorities to provide social and economic benefits to the local communities.
The Siem Reap Cambodia land acquisition by Resources Global Services Group (RGSG), is an important part of the overall company strategy of acquiring assets and adding value to these assets for the benefit of our shareholders. Real estate asset acquisitions and real estate developments have always been great investments and this project offers both complementary investment avenues.
Note : Negotiation is in the pipeline for asset acquisition in a commodity based company in Australia. Target to complete negotiation and acquisition by the first/second quarter of 2019.
MOLLI S C CHUA ONG
91 SANDGATE ROAD
Globe Newswire: 14:00 GMT Monday 11th February 2019
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