Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Listing number two for CSX

Listing number two for CSX

It's been a long time coming but after more than two years a second company is finally set to list on the nascent Cambodian Stock Exchange today.

Grand Twins International is going public with what amounts to a 20 percent stake of the company and will raised $20 million in liquidity.

Significantly, Grand Twins International, a garment manufacturer, is the first private company to list on the exchange - a positive sign in a country with few state-owned enterprises.

But coming in $2.41 a share, not everyone is overly enthusiastic about the price of the stock.