The Australian-owned Phnom Penh Post has responded to swirling rumours that it has been the subject of an acquisition by mainly Malaysian interests.
The Post’s CEO Marcus Holmes (pictured) said, “The Post is in discussion with another party about an investment. This type of discussion has happened many times in the 25 years that the Post has been operating.
“At this time, the Post can confirm that the discussions are ongoing, and remain confidential, with all parties bound by non-disclosure agreements, as is normal for these types of talks.”
The Perth-based publisher of the Post, Bill Clough, said, “The Post is open for business, and welcomes discussions about investment in our strong brand here in Cambodia.”