Off the wire
• Australian cosmetic surgery industry under spotlight following botched surgeries  • Canada launches national investigation into missing, murdered indigenous females  • Abandoned major road project costs Aussie state gov't more than 790 million USD: report  • Ecuador to ask U.S. for criminal assistance in FIFA scandal  • China treasury bond futures open higher Wednesday  • Market exchange rates in China -- Dec. 9  • China Hushen 300 index futures open lower Wednesday  • Chinese shares open lower Wednesday  • Urgent: China's Nov. PPI down 5.9 pct  • Wolfsburg oust Manchester United from UEFA Champions League  
You are here: 　 Home

City port becomes 3rd firm listed on Cambodia's bourse

Xinhua, December 9, 2015 Adjust font size:

The Cambodia Securities Exchange (CSX) got the 3rd listed company on Wednesday when the state-run Phnom Penh Autonomous Port (PPAP) made its debut.

PPAP became the third firm to list on the bourse after state-owned Phnom Penh Water Supply Authority made its market debut in April 2012 and Grand Twins International, one of the largest garment makers in Cambodia, listed in June last year.

The port sold more than 4.1 million shares, representing a 20-percent stake in the company, and raised 5.2 million U.S. dollars, according to the PPAP's document. Shares were priced at 5,120 riel (or 1.26 U.S. dollars) a piece.

At the opening of PPAP securities trading, the port's share price rose to 5,200 riel (or 1.28 U.S. dollars).

Economy and Finance Minister Aun Pornmoniroth said the port's listing would provide a new choice for investors in the CSX.

"With this third listing and some other listed companies in the forthcoming years, we are moving towards self-development level by creating a cycle to attract investors to invest and companies to issue and to list in Cambodia security market," he said at the port's listing ceremony.

"The improvement in both demand and supply is a foundation of development in security sector."

He said the development of securities sector would help grow Cambodian economy quickly through funds collected from both domestic and foreign investors.

PPAP has almost doubled its total capacity to 300,000 twenty-foot-equivalent units, or TEUs (standard-sized containers), per annum since 2013 after it built a new container terminal under China's concessional loan. Endite