Failing to sew up support

22 April 2014
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Foreign investors / Investment / Securities exchange (stock market) / Stock market
ACLEDA Securities Plc / Cambodia Stock Exchange / Chhun Sambath / CSX / Grand Twins International (Cambodia) Plc / Phnom Penh Water Supply Authority / PPWSA / Securities and Exchange Commission of Cambodia / Sonatra Securities / Sorn Sokna / Svay Hay / Taiwan

Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering. Garment industry unrest, distrust in the private sector and a lack of liquidity in the market were all said to be discouraging investors from buying into the Taiwanese firm’s eight-million-share offering. Sorn Sokna, CEO of Sonatra Securities, one of the brokers assigned to the IPO, said that so far just four clients had registered their interest with Sonatra in the GTI listing, which is slated to officially take place on May 29. …

 Eddie Morton
http://www.phnompenhpost.com/business/failing-sew-support