THE Cambodia Securities Exchange will launch officially in May, officials said Sunday.
Hong Sok Hour, general director of the Cambodia Securities Exchange, said that the process to establish the CSX would be completed in early April and officially inaugurated in May.
“We’re preparing to register [CSX] at the Commerce Ministry. After it’s registered, we will apply for a licence at the SECC, possibly sometime next month,” he said, referring to the Securities and Exchange Commission of Cambodia.
An unnamed SECC official told the Post on February 11 that the CSX would be inaugurated this month.
The exchange would be housed at an as-yet-undecided temporary location ahead of the launch of trading at a new four-storey building in Camko City, a development on the outskirts of Phnom Penh.
“We do not want to disclose anything about the interim building for CSX because it’s under negotiation,” said Hong Sok Hour.
SECC Director General Ming Bankosal said Sunday the CSX licence would not take long to process, and that the procedure had already been discussed.