Cambodia’s Securities Exchange Began Trading
AKP Phnom Penh, April 18, 2012 –
Cambodia’s Securities Exchange (CSX) this morning began its first trading with the state-owned Phnom Penh Water Supply Authority (PPWSA)’s listing.
On the occasion, Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen also delivered his congratulatory remarks through recorded video to the CSX.
“This is a historic event for Cambodia. It will finally end the public’s wait for the birth and operation of this stock market,” the Cambodian premier said.
It would play a crucial role to enhance the effectiveness of the economic policies of the Royal Government of Cambodia, and also boost for a sustainable economic growth, he added.
H.E. Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance, who presided over the launching ceremony, called on qualified private companies to prepare themselves to list on the CSX.
“I would like to appeal to local and international investors to join the securities trading,” said H.E. Keat Chhon, believing that a lot of companies will list on the CSX this year.
The CSX, a joint venture investment by the Royal Government of Cambodia with 55 percent of the shares and the Korean Exchange holding 45 percent, was officially inaugurated in July last year.
The PPWSA is one of the three state-owned to-be-listed enterprises. In the first Initial Public Offerings (IPOs), the PPWSA sold 13 million shares, or 15 percent of the company’s whole shares. The offering price per share is US$1.57.
The other two enterprises are Sihanoukville Autonomous Port and Telecom Cambodia.
By KHAN Sophirom