Logo of Phnom Penh Post newspaper Phnom Penh Post - New firms consider listing on exchange

New firms consider listing on exchange

New firms consider listing on exchange

MORE than 10 private firms and two more state-owned companies have expressed intentions to list on the Cambodia Securities Exchange after it launches, according to Ministry of Economy and Finance secretary of state Hang Chuon Naron.

Speaking on the sidelines of a currency conference yesterday, he declined to reveal the names of the companies involved.

“There are two state-owned companies and more than ten private companies – they will decide [whether to list] when we launch the exchange,” he said.

Officials have already tapped three state-owned enterprises – Phnom Penh Water Supply, Telecom Cambodia, and Sihanoukville Port – to list on the bourse on or after it launches.

The CSX is set to begin in July this year after being twice-delayed. Private sector officials have also said a number of companies are interested in listing.

Meanwhile, Hang Chuon Naron said government ministers had submitted a recommendation to Prime Minister Hun Sen on which currency ought to be used for listings on the bourse.

He declined to reveal the currency involved, but cautioned it had to reflect the reality of the Cambodian economy, which is highly dollarised.

MOST VIEWED

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the