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Exchange to receive millions
Monday, 10 March 2014 00:00


Cambodia's stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP.

The funds will go towards paying for Korea International Cooperation Agency-led training programs aimed at helping the government, the Securities and Exchange Commission of
Cambodia (SECC) and the Cambodia Securities Exchange (CSX) rope in more firms.

Key Cambodia staff will be trained by South Korean experts, and the Korea International Cooperation Agency, or KOICA, will also help launch a public-awareness campaign that boosts the stock exchange’s image, according the state media report.

"Under the agreement, KOICA will dispatch qualified experts to assist SECC in drafting policy framework and regulations that would attract more IPOs,” the report says.

The CSX launched in 2012 with the first and only IPO from the Phnom Penh Water Supply Authority. The Cambodian government and the Korea Exchange struck the joint-venture deal in 2010.

Source:
Phnom Penh Post, 24 February 2014

 


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