Phnom Penh Autonomous Port (PPAP), the capital’s listed river port operator, will be able to make its guaranteed minimum payment of 5 percent dividend yield based on estimated profits for this year, it announced yesterday in a filing to the Cambodian Securities Exchange (CSX). The total dividend payout will amount to approximately 1 billion riel ($264,200) and will be released to shareholders during the first quarter of next year. PPAP raised $5.2 million in an initial public offering in December 2015, and has promised its private shareholders a 5 percent dividend yield on the initial share price of 5,120 riel ($1.26) annually for five years. The distribution will include a one-tenth cash dividend carried over from 2015.
PPAP vows to pay 5% dividend yield on profits
- Prince injured, wife dies after accident
THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec
- Guards protest dismissals, reject claims of sharing naked photos of child
Some 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed
- We’re going to Wisney World!
More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and
- Funcinpec urges probe into deadly Preah Sihanouk accident
THE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,