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Licences granted for Kingdom’s bourse

Licences granted for Kingdom’s bourse

Fifteen companies have been officially granted licences by the Securities and Exchange Commission of Cambodia to act for the Kingdom’s first stock exchange.

Commission chairman and Economy and Finance Minister Keat Chhon said granting the licences was a key step towards the bourse, scheduled to launch in July next year “at any cost”.

The 15 companies were selected from a shortlist of 22 applicants compiled by the SECC in March. The number of permits granted reflects the initial requirements of the Cambodia Stock Exchange, according to Keat Chhon.

See a full list of Licensees

Commentators have expressed conflicting views on whether an appropriate number of licences had been granted, while others have voiced concerns over the readiness of the twice-delayed exchange.

Nguon Meng Tech, director general of the Cambodia Chamber of Commerce, said that while the number of licences granted was reasonable, the timeframe for the stock market to launch was too hurried.

...read the full story in tomorrow’s Phnom Penh Post or see the updated story online from 3PM UTC/GMT +7 hours.

Firms granted licences to act on the Cambodian Stock Exchange

Underwriters
Underwriters provide advice on the issue
of securities - such as pricing,
public offerings and distribution timelines.
Dealers
Dealers trade in securities
for their own accounts and risk.

Brokers

Brokerages buy and sell securities
on behalf of and by orders of clients
for a commission fee.

Investment Advisers
Investment advisory firms advise
their public investors on securities
investment.

Tong Yang Securities (Cambodia)
OSK Indochina Securities
CANA Securities
CAMPUBANK Securities
Cambodia-Vietnam Securities
SBI Phnom Penh Securities
Phnom Penh Securities Firm

Sacombank Securities (Cambodia)
Golden Fortune (Cambodia) Securities

ACLEDA Securities
Cambodia Capital Securities
SONATRA Securities
CAB Securities

Angkor VDS Securities PLC
Angkor Capital Advisor

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