CSX Slated to Start Trading by the End of 2011
While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, it’s only a matter of time before the fledgling stock exchange begins the process of trading stocks. “The market will [be] fully operational before the end of this year. That means listing companies will complete the initial public offering (IPO) process and be able to sell their shares in the secondary market of the CSX in Cambodia,” said Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance at the recent CSX inauguration ceremony…Keat Chhon expected that three state-owned enterprises–Phnom Penh Water Supply Authority (PPWSA), Telecom Cambodia (TC) and Sihanoukville port–will be able to be listed on time this year, which should pave the way for other companies to be listed on the bourse.
