Cambodia Securities Exchange Welcomes Another Private Company

Cambodia Securities Exchange (CSX) got here this morning the 4th listed company after it was launched in July 2011.

The Phnom Penh Special Economic Zone Plc. was officially approved to list in the CSX for trading in a ceremony held in the presence of CSX Chief Executive Officer H.E. Hong Sok Hour, Director General of Securities and Exchange Commission of Cambodia H.E. Sou Socheat, and Chairwoman of Phnom Penh SEZ Oknha Lim Chhiv Ho.

Speaking on the occasion, Oknha Lim Chhiv Ho said this is an opportunity to attract more foreign investments to Cambodia.

"This opportunity is not only for the company, but also for the whole nation. Our company's listing today is the fourth company in Cambodia's CSX," she added.

H.E. Hong Sok Hour expressed warm welcome to the Phnom Penh SEZ, saying, "The listing of Phnom Penh SEZ is expected to bring more progress to CSX."

On the first day of trading after the official listing ceremony, Phnom Penh SEZ's stock price is 2,890 Riel (about 4,000 Riel equal to US$1) per share with 24,078 trading volume of a total amount of 71,710,090 Riel.

After receiving the approval from the Securities and Exchange Commission of Cambodia, the Phnom Penh SEZ launched its initial public offering (IPO) at CSX in April.

Phnom Penh SEZ is Cambodia's leading industrial park. With 76 companies operating in the zone today and market conditions favorable, the company is on track to build on its past performance and offer its partners and shareholders growth and a successful partnership. In particular, its planned expansion in Poipet, near the Thai border, is aiming at providing fertile manufacturing ground to a range of companies in need of a widely available young workforce.

Beside Phnom Penh SEZ, TY Fashion (Cambodia) Plc. is also a new private company that has already got the approval from SECC.

CSX is now operating with three listed companies, including the state-owned Phnom Penh Water Supply Authority, Grand Twins International (GTI), a China's Taiwanese-owned textile and footwear factory, and the state-owned Phnom Penh Autonomous Port.

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 launched in July 2011.

Source: AKP