Photo (Flickr/Ronaldo Lazzari)

Malaysian conglomerate Hong Leong Group was exploring investment opportunities in Combadia, according to the country media reports.

On Monday, led by its Group director Quek Leng Chan, they met Cambodian Prime Minister Hun Sen, reports Phnom Penh Post.

Hong Leong Group expressed intention to invest in the country banking, insurance, manufacturing and real estate sectors, the daily quoted Hun Sen personal assistant Eang Sophalleth as saying.

“The delegation is here to study the investment environment and seek out investment opportunities,” Phnom Penh Post said.

Hun Sen, welcomed the group potential investment – specifically encouraging them to venture into the country banking sector – which still very much untapped.

Council for Development of Cambodia (CDC) figures showed Malaysia’s approved investment in country stood at $167 million in 2010, the third-largest source of foreign investment in Cambodia last year.