​PPSEZ holds bookbuild today to set share price | Phnom Penh Post

PPSEZ holds bookbuild today to set share price

Business

Publication date
18 April 2016 | 03:19 ICT

Reporter : Post Staff

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The Phnom Penh Special Economic Zone is due to kick off its IPO bookbuilding session today.

The Phnom Penh Special Economic Zone is set today to kick off a five-day bookbuilding session that will determine a share price for its initial public offering on the Cambodia Securities Exchange (CSX), expected sometime in May.

The company, which operates a 357-hectare industrial park on the outskirts of the Cambodian capital, is preparing to offer 11.6 million new shares – about 20 per cent of its enlarged issued share – to raise up to $11.6 million for debt repayment and the development of a new special economic zone in Poipet near the Thai border.

The price band of the bookbuild will range from $0.70 to $1 per share.

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