Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX takes another step toward listing companies

CSX takes another step toward listing companies

CSX takes another step toward listing companies

The Securities and Exchange Commission of Cambodia has approved in principle the listing of Phnom Penh Water Supply on the Cambodian Securities Exchange, according to the SECC’s website.

The announcement fell a step short from listing approval for PPWS, with the SECC requiring additional paperwork, including disclosure documents, before the state-owned company is allowed to trade on the stock exchange.

The CSX gave the company permission to list in early January, though the SECC has final approval.

The CSX officially opened in July, and trading was expected in November.

Government officials, including Minister of Economy and Finance Keat Chhon, later changed that deadline to early 2012.

However, industry insiders have more recently predicted a second-quarter start.

MOST VIEWED

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Cambodian women diving deep, going far

    There is a saying in Khmer that “women cannot dive deep or go far”. The meaning is that women should not stray too far from their traditional gender roles. But when Menno de Block, an entrepreneur from the Netherlands, took a good look around his