frank lee bent wrote: ↑Thu Oct 24, 2019 2:07 am I wonder if they are a representative example of players in this market segment.
I think it likely.

Mishmash wrote: ↑Thu Oct 24, 2019 2:00 am This appears to be The Peak (Shangri-La) a $500 million project.

It's a Joint development between Oxley Worldbridge (Oknha Sear Rithy) and Sino Great Wall.

Previously, they completed The Bridge also in Tonle Bassac - $300 million which looks great.

In 2016 Sino were raided and 200 Chinese workers were detained for not having the correct visas and work permits.

Worldbridge and Sino dealt in a 40/60 relationship in order to gain access to Chinese cash under the Belt & Road Initiative

This particular episode of non-payment of wages is indicative of the following problems:-

Sino's share price peaked at 14.4 yuan = market capitalization of 23 billion yuan ($3.4 billion).

They won billions of dollars of foreign EPC contracts as a “leading private enterprise along the Belt and Road”

Today their share price is just 2.29 yuan.

They have a debt-to-net-asset ratio of more than 120 percent, plus litigation from a score of creditors owed over 2.7 billion yuan.

In short - debt-fueled over expansion has caused their demise.

Their financial problems were made public in the second half of 2018, causing them to reduce their foreign ambitions.

rogerrabbit wrote: ↑Thu Oct 24, 2019 3:08 am
I thought it's a JV between Oxley (Singaporean) and Worldbridge (Cambodian) and the Sino Great Wall is just the contractor? Or well was. Where do you get this info? But it's true that Sino is in financial problems and this obviously has lead that the construction workers have not paid.

Mishmash wrote: ↑Thu Oct 24, 2019 3:41 am

rogerrabbit wrote: ↑Thu Oct 24, 2019 3:08 am
I thought it's a JV between Oxley (Singaporean) and Worldbridge (Cambodian) and the Sino Great Wall is just the contractor? Or well was. Where do you get this info? But it's true that Sino is in financial problems and this obviously has lead that the construction workers have not paid.

You are right for the Peak, however 'just' the contractor is a bit of an understatement, the BRI funds are a JV between Worldbridge Land and Sino signed a couple of years ago between Sear Rithy and Liang Rong Vice Chairman of Sino.

All in the same barrel - fortunes intertwined

Where do I get my info?

Well I visit Sino often at their offices in the PGCT, and of course I read and research, so I am well prepared when I try and peddle my goods and services to them bro.

I wanted a piece of the Peak since it was first ever a concept drawing.

Never got anything so far, but in my game "no" means only no today, so I will keep going until my sheer persistence wins.

In this case, I may have been lucky not to have been granted a slice of the pie to date!

I enjoy the tea ceremony and the jokes and of course the boss knows I like his lady procurement officer as is the subject of much hilarity.

Good enough for ya bro?

rogerrabbit wrote: ↑Thu Oct 24, 2019 3:53 am
Ok, so it's not jointly developed but they only had some sort of sale agreement additional to contractor deal. Your original post gives pretty different picture when it says Sino & Worldbridge had 40/60 relationship and they were developing the project together when in reality the biggest owner of the project is still Oxley which is huge Singaporean corporation.