HK Stock Market Move | NAGACORP (03918) falls over 4% again, Cambodian-Thai border conflict continues to escalate. The company is the largest casino company in Cambodia.

NAGACORP (03918) dropped more than 4% again, as of the time of writing, it fell 3.97% to 4.59 Hong Kong dollars, with a trading volume of 34.0566 million Hong Kong dollars. On the news front, intense clashes erupted again in the Cambodia-Thailand border areas starting on December 7. On December 16, the Chinese Embassy in Cambodia once again reminded Chinese citizens near the Cambodia-Thailand border to strengthen security precautions. On December 18, the Special Envoy for Asian Affairs of the Ministry of Foreign Affairs will once again visit Cambodia and Thailand to mediate the Cambodia-Thailand border conflict. Public information shows that NAGACORP is currently the largest operating company in Cambodia's gambling and hotel industry. It is worth noting that NAGACORP recently announced the termination of the financing agreement for the Naga3 Phase project with its major shareholder, confiscating 316 million US dollars into reserves. Despite signing a mutual termination agreement, the company still plans to continue with the Naga3 project, evaluating the remaining development plans for Naga3 and exploring other funding sources if needed.