PHNOM PENH: Dr. Hor Sereyvath, Chairman of the Board, and Mr. Chap Sopheak, Chief Executive Officer of ID Capital Plc. during a visit to Singapore has signed a Memorandum of Understanding (MoU) with Singapore Investment Management Company Golden Equator International Pte. Ltd (GE).

Golden Equator International Pte. Ltd. is a Singapore-based company. Shirley Crystal Chua, Chief Executive Officer, Saif Ahmad Siddiqui, Managing Director, and Adaim Flinter, Managing Director, Business Partners are signatories for the Golden Equator Group.

Golden Equator International is a business alliance that operates Golden Equator Wealth, Golden Equator Venture, Spectrum App, and The Simple Sum.

The Memorandum of Understanding between the two companies is intended to:

• International investment projects and cooperation to attract investment to the Kingdom of Cambodia
• Improve Cambodian investors’ ability to invest effectively and efficiently on a global stage
• attract international investors, improve knowledge of international fund structures and develop professional resources related to the Cambodian financial sector.
• Collaborate to develop potential future joint venture projects.