Grand Twins sets listing date

13 March 2014
The Phnom Penh Post
Economy and commerce / Garments and textiles / Industries / Investment / Securities exchange (stock market) / Stock market
Cambodia Stock Exchange / CSX / Grand Twins International / Phnom Penh Securities / Phnom Penh Water Supply Authority / PPS / PPWSA / SECC / Securities and Exchange Commission of Cambodia / Sofitel Hotel / Stephen Hsu

Taiwanese garment manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange (CSX) on May 8 after spending several weeks whipping up interest from local investors, whose appetite remains on the low side so far. Stanley Shen, a spokesman for the garment maker, confirmed the listing date yesterday. Grand Twins will be the second company to go public on Cambodia’s relatively new bourse since the IPO of the Phnom Penh Water Supply Authority in 2012. The exchange was launched in 2011. According to investor information released by Grand Twins International this week, the company will offer up to eight million shares to potential investors over the next two months in an effort to meet the self-imposed deadline. Now, the tentative buy-in price, which is expected to be confirmed by March 28, ranges from $1.85 to $3.50 per share. In total, the shares for sale will equate to a 20 per cent chunk of the company. …

 Eddie Morton
http://www.phnompenhpost.com/business/grand-twins-sets-listing-date