Phnom Penh SEZ, the country’s largest special economic zone, became yesterday the fourth company to list in the nascent Cambodian stock exchange, the Cambodia Securities Exchange (CSX).
Representatives of the company have acknowledged the decision to join the CSX was taken to raise capital for a planned SEZ in Poipet. With the move, PPSEZ joins Phnom Penh Water Supply Authority, Grand Twins International and the Phnom Penh Autonomous Port in the bourse.
Hong Sok Hour, CEO of the CSX, said there were encouraging signs during the first hours of trading. “It is too early to say about the level of confidence in the new stock, but the trading volume in the beginning means there is interest,” he said.
In total, 24,078 shares traded hands yesterday in transactions totalling over $17,000. More that 57.8 million shares were issued, with the share price closing at 71.1 cents, down 3.02 percent.
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