Exchange to receive millions
Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards paying for Korea International Cooperation Agency-led training programs aimed at helping the government, the Securities and Exchange Commission of Cambodia (SECC) and the Cambodia Securities Exchange (CSX) rope in more firms. Key Cambodia staff will be trained by South Korean experts, and the Korea International Cooperation Agency, or KOICA, will also help launch a public-awareness campaign that boosts the stock exchange’s image, according the state media report. … Although numerous proposals from other companies, including garment makers Grand Twins International Ltd and TY Fashion, may materialise sometime this year, the water authority is still the only listed firm. …
Eddie Morton
http://www.phnompenhpost.com/business/exchange-receive-millions
