The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling Mfone’s liquidation, said that the company’s assets were sold on August 4 for a fraction of their estimated $107 million value to the recently registered company Khmer Unified Network Communication Ltd., which is owned by Chinese businessman Khao Yun Dy’s Khmer Holding Group. The buyer has so far paid $2.5 million in
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