Logo of Phnom Penh Post newspaper Phnom Penh Post - Requirements for the public offering of equity securities in Cambodia



Requirements for the public offering of equity securities in Cambodia

Content image - Phnom Penh Post

Requirements for the public offering of equity securities in Cambodia

Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities.

A. Equity securities offering

Any legal entity who wishes to go public shall fulfil the preliminary requirements as following:

Content image - Phnom Penh Post

B. Procedures for public offering

In order to propose for a public offering, a public limited company or permitted entity shall:

1. Submit an application form determined by the SERC;
2. Submit a disclosure document determined by the SERC;
3. Submit the attached documents.

B.1. The provision of principle approval

The Director General of the SERC shall inform the issuer in writing concerning the principle approval or refusal of the public offering and disclosure document within two (2) months of receiving the full disclosure document.

B.2. Book-Building

After having been approved in principle for the public offering and disclosure document, the issuer is able to advertise or publish any information, including that regarding road shows and the public announcement of the information on Book-Building, by requesting prior approval in writing from the Director General of the SERC with the related documents attached.

B.3. Provision of final approval and registering disclosure document with SERC

With approval in principle, the issuer is able to offer its public offering:

1. Having prepared the terms of the offer, including the securities pricing which has obtained approval from the securities market operator.
2. Having obtained approval for the terms of the public offering.
3. Having obtained final approval and registered the disclosure document of the issuer with the SERC.

B.4. Subscription announcement

Within at least five (5) working days prior to the subscription date, the issuer shall make an official announcement through newspapers and other media channels approved by the Director General of the SERC.

B.5. Subscription

Subscription shall be done through a licensed securities firm. Each subscription shall be considered as complete when subscribers fully comply with the application form for subscription, paid in full and received the receipt issued by the securities firm.

B.6. Report result of public offering

The issuer shall report the result of public offering to SERC in accordance with the reporting form determined by SERC.

B.7. Fulfil procedures of permitted securities market

The issuer shall fulfil the procedures of the permitted securities market to list its securities for official trading on that market in accordance with the laws and regulations in force.

C. Mechanism of equity public offering

Content image - Phnom Penh Post

Prepared by: Securities and Exchange Regulator of Cambodia Securities Issuance Supervision Department
E-mail: [email protected]
Phone: 023 885611

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro