Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which are targeting initial public offerings but have yet to announce official dates. Phnom Penh Water Supply Authority listed in April after months of delays and is still the only publicly traded firm in the country. Several private companies have also expressed interest in listing during the past three months. …
