Garment IPO May Arrive in Time for Polls

5 June 2013
The Phnom Penh Post
Economy and commerce / Investment / Securities exchange (stock market) / Stock market / Trade
Cambodia Securities Exchange / Cambodia Stock Exchange / CSX / garment company / Garment Industry / Grand Twins International / Grand Twins International (Cambodia) Plc / initial public offering / IPO / Ming Ban Kosal / national elections / Phnom Penh / Phnom Penh Securities / Phnom Penh Securities PLC / PPS / SBI Phnom Penh Securities / SECC / SECC Director-general / Securities Exchange Commission of Cambodia / shares / stock / Stock Exchange / Taiwan / Taiwanese company / Telecom Cambodia

After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July.

According to the underwriter, Phnom Penh Securities (PPS) Plc, negotiations between the company and the Securities Exchange Commission of Cambodia (SECC) over the initial public offering price are finished by now and “we hope [they can list] before the election…We still have a lot to do. We’ll try our best.”

In February, the Post reported that Grand Twins International said it intended to list on the Cambodia Securities Exchange (CSX) in March. PPS said then that the company would offer 12 million shares at $0.25 a share. …

http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html