When talking about a tycoon, known as Ly Yong Phat, some of you have been quickly heard by the big foreign newspapers that gave his name as “King of Koh Kong” province. This name is likely due to the fact that the tycoon Ly Yong Phat was born in Koh Kong province and became a powerful businessman in that Khmer Thailand border.
According to the detailed history of Ly Yong Phat, posted on the official website of L.Y.P Group that Ly Yong Phat was born in Koh Kong in 1958. Tycoon Ly Yong Phat had been in business in early age and had become a businessman during the 80s. But the same history document does not elaborate on whether during the initial launch, Ly Yong Phat group what types of businesses he ran then.
In addition to being a well-known businessman and some of the most exotic, Oknha Ly Yong Phat is also seen as actively involved in Cambodia’s political life.
In 2000, Tycoon Ly Yong Phat was appointed by the government as a government delegate to the development of Koh Kong province and a special economic adviser to the Prime Minister of Cambodia.
2001: Tycoon Ly Yong Phat is elected as Vice-President of the Cambodian Chamber of Commerce.
In 2005, he was appointed as a Senior Advisor to the China Family Clan Association. And from 2006 until now, Tycoon Ly Yong Phat has become a Senator of the Kingdom of Cambodia.
What kind of company does Tycoon Ly Yong Phat have?
During the early 90s, Ly Yong Phat founded a company called L.Y.P Group. And over the last 20 years, the company has been born with many other subgroup companies.
Tourism and Entertainment Industry
There are six companies in the hotel and entertainment industry:
1) Koh Kong Resort, a five-star hotel and casino, is located on the Thai border near the international border.
2) Four-star Phnom Penh Hotel is located in the middle of Phnom Penh.
3) Hotel and Casino, Oddar Meanchey Province, Northwest Cambodia, on the Thai border.
4) Garden City Hotel is located between National Road 5 and 6.
5) The Garden City Golf Club, which is located next to the Garden City Hotel.
6) the Safari World Zoo, Phnom Penh, is opened to the public in late 2017.
Infrastructure and Utilities Supply Industry
The infrastructure and water supply service sectors which include Koh Kong Infrastructure & Utilities, which has Koh Kong bridges and water and utilities supply services throughout the Koh Kong province. O’Smach Electricity and Water Supply, which supplies utilities in Oddar Meanchey, especially the O’Smach Zone and Cambodia Electricity Private (CEP).
Agriculture and Agro-Industry
In agriculture and agro-industry, tycoon Ly Yong Phat has a Phnom Penh Sugar company with sugar cane and sugar factories worth fifty million dollars in the province of Kampong Speu province. So far, this company has had some rice-fed plantations involved in land issues with local people, but this has been and is being addressed. In the agribusiness, Ly Yong Phat also has a rubber plantation in the Tbong Khmum Province.
Media and Entertainment Industry
Recently, the tycoon Ly Yong Phat also entered the media sector, investing $ 10 million to create a modern PNN television station in the territory of the city of Naga City, about 10 kilometers from the center of Phnom Penh.
These are the companies of the Ly Yong Phat and the families known to the public, but there may also be many companies of Ly Yong Phat that the public does not know.
Merchandise and Distribution Industry
In the field of merchandise and distribution, Oknha Ly Yong Phat is known to be a distributor of essential items such as cigarettes, beverages, and other well-known beverages. In addition, LYP Group is also a distributor of Hyundai.
Most recently, the tycoon Ly Yong Phat has partnered with Thailand’s top billionaire to invest in a retail market and one of the largest commodities, Makro Market in Phnom Penh.
Real Estate Industry
Tycoon Ly Yong Phat’s real estate sector is also very famous, as he invests in Garden City, Satellite City, Pong Peay City,, Koh Kong Special Economic Zone, Kirisakor resort in Koh Kong, etc.