Fifteen companies have been officially granted licences by the Securities and Exchange Commission of Cambodia to act for the Kingdom’s first stock exchange.

Commission chairman and Economy and Finance Minister Keat Chhon said granting the licences was a key step towards the bourse, scheduled to launch in July next year “at any cost”.

The 15 companies were selected from a shortlist of 22 applicants compiled by the SECC in March. The number of permits granted reflects the initial requirements of the Cambodia Stock Exchange, according to Keat Chhon.

See a full list of Licensees

Commentators have expressed conflicting views on whether an appropriate number of licences had been granted, while others have voiced concerns over the readiness of the twice-delayed exchange.

Nguon Meng Tech, director general of the Cambodia Chamber of Commerce, said that while the number of licences granted was reasonable, the timeframe for the stock market to launch was too hurried.

...read the full story in tomorrow’s Phnom Penh Post or see the updated story online from 3PM UTC/GMT +7 hours.

Firms granted licences to act on the Cambodian Stock Exchange

Underwriters

Underwriters provide advice on the issue

of securities - such as pricing,

public offerings and distribution timelines.

Dealers

Dealers trade in securities

for their own accounts and risk.

Brokers

Brokerages buy and sell securities

on behalf of and by orders of clients

for a commission fee.

Investment Advisers

Investment advisory firms advise

their public investors on securities

investment.

Tong Yang Securities (Cambodia)

OSK Indochina Securities

CANA Securities

CAMPUBANK Securities

Cambodia-Vietnam Securities

SBI Phnom Penh Securities

Phnom Penh Securities Firm

Sacombank Securities (Cambodia)

Golden Fortune (Cambodia) Securities

ACLEDA Securities

Cambodia Capital Securities

SONATRA Securities

CAB Securities

Angkor VDS Securities PLC

Angkor Capital Advisor