Garment Makers Gear Up for IPOs
Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday. The initial public offerings for the two private companies, expected by the end of the year, should boost action on the Cambodia Securities Exchange. Submission preparation for QMI International and TY Fashion, both Taiwanese companies, was “99 per cent complete”, Phnom Penh Securities chief executive Stephen Hsu said. “All the financial reports are finished. We will be ready to submit the disclosure documents to the [Securities and Exchange Commission of Cambodia] next month,” he said by phone. Listing dates for the remaining state-owned firms were unclear yesterday. Telecom Cambodia has not designated a specific date, but insiders said the firm is expected to list in January. Sihanoukville Autonomous Port earlier this year announced a July listing date, but officials yesterday said the deadline was unrealistic.
http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html
