Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - New firms consider listing on exchange

New firms consider listing on exchange

New firms consider listing on exchange

MORE than 10 private firms and two more state-owned companies have expressed intentions to list on the Cambodia Securities Exchange after it launches, according to Ministry of Economy and Finance secretary of state Hang Chuon Naron.

Speaking on the sidelines of a currency conference yesterday, he declined to reveal the names of the companies involved.

“There are two state-owned companies and more than ten private companies – they will decide [whether to list] when we launch the exchange,” he said.

Officials have already tapped three state-owned enterprises – Phnom Penh Water Supply, Telecom Cambodia, and Sihanoukville Port – to list on the bourse on or after it launches.

The CSX is set to begin in July this year after being twice-delayed. Private sector officials have also said a number of companies are interested in listing.

Meanwhile, Hang Chuon Naron said government ministers had submitted a recommendation to Prime Minister Hun Sen on which currency ought to be used for listings on the bourse.

He declined to reveal the currency involved, but cautioned it had to reflect the reality of the Cambodian economy, which is highly dollarised.

RECOMMENDED STORIES

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all

  • Ex-RFA journos accuse outlet

    Two former Radio Free Asia journalists held a press conference yesterday claiming they are each owed $28,000 by the US-funded radio broadcaster, which shuttered its in-country operations in September amid a government crackdown on independent media. The journalists, Sok Ratha and Ouk Savborey, maintained they organised