The Bay break with Bun

Photograph from corporate documents filed at the Singapore Stock Exchange on Tuesday Abram millionaire reputation Sok Bun will end his joint venture agreement with Singapore's property developer Teho International condo project for Bay condominium and hotel worth US $ 500 million. According to company documents Sok Bun Group has a 51 percent stake in the company Teho Cambodia at this time will be transferred to Ms. Yim Chhay Ly, the daughter of Deputy Prime Minister Yim Chhay Ly, was appointed as Chairman of the board, following the resignation of Mr Sok Bun last month Jul. Documents show that: the joint venture agreement will be finalized with the approval of the mutual and each party is exempt from its obligations under this Agreement. The document continues: Sok Bun agreed to transfer 510 common shares representing 51 percent of the company's equity capital investment this includes to Ms. Yim Chhay Ly. Sok Bun was sentenced last week to 3 years in prison but only 10 months for beating brutally last year, the former TV host Miss Socheata. The case is made known to the public has resulted in the resignation of Mr. Bun Executive Council Teho Cambodia but he continued to control 51 percent stake in the project. Following the resignation of Mr. Bun Ms. Lin replaced as CEO in August. Kevin Goos CEO of Century 21 Cambodia, said that the completion of the joint venture agreement will help the company Teho boost its efforts to build a new brand and increase sales in the country. He added that the case of Mr Sok Bun hurt the image of their country. He said: `specific incident really hurt them in the country due to a condominium project [The Bay] was his condo known as bun. While Teho will use this change in the search for new shareholders and increase its marketing activities Goos said joining Sok Bun did not affect the company's reputation in Singapore