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Securities, telecoms regulators ink MoU for CSX listings

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Securities and Exchange Regulator of Cambodia (SERC) director-general Sou Socheat (front, right) at Friday’s signing. SERC

Securities, telecoms regulators ink MoU for CSX listings

Securities and Exchange Regulator of Cambodia (SERC) and Telecommunication Regulator of Cambodia (TRC) signed a memorandum of understanding (MoU) on cooperation in raising awareness and exchanging information related to the securities and telecoms sector in the Kingdom especially to attract investors from the industry for listing.

The MoU, which was signed on June 10, is designed to strengthen cooperation in the exchange of information and promoting the development of the securities and telecoms sector in Cambodia.

SERC director-general Sou Socheat told The Post on June 12 that the deal was the latest development regarding cooperation with the TRC, to join hands to attract more investors from the telecoms industry to go public.

“The MoU aims to share information and to promote to companies under the telecoms regulator to go list. We will conduct training and seminars for the targeted companies,” he said.

Minister of Economy and Finance Aun Pornmoniroth in mid-May commented that Cambodia has been encouraging private companies to list on bourse, with the government providing tax incentives.

“The Cambodian government has been providing encouragement and tax incentives on revenue for any enterprises that list their companies,” he said.

TRC data showed that as of April, Cambodia has 44 internet service providers (ISP), five mobile operators, six landline operators, two international gateways, 10 Voice over Internet Protocol (VoIP) providers, one satellite company, two telecoms tower companies, two submarine cable firms, three fibre optic companies, one value-added network (VAN) and one toll-free number provider.

A total of 16 companies feature on Cambodia Securities Exchange (CSX) – nine companies have issued shares on the Main Board and Growth Board – and seven corporations have listed their bonds.

Total market capitalisation at the end of the first quarter ended March 31 was approximately $2.14 billion and total trading volume was 13,402,060 shares, of which the Main Board accounted for 82 per cent and the secondary Growth Board 18 per cent.

On February 10, JS Land Plc became the latest company to list on the bourse, having completed its initial public offering (IPO) on the Growth Board. Although its shares were priced at 1,900 riel ($0.46), the stock opened the day at 2,220 riel.


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