Firm begins process to determine IPO share price

11 March 2014
The Cambodia Daily
Economic policy and administration / Economy and commerce / Garments and textiles / Industries / Investment / Securities exchange (stock market) / Stock market
Cambodian Stock Exchange / CSX / Grand Twins International (Cambodia) Plc / Phnom Penh Securities / Soleil Lamun / Water Supply Authority

Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though an official listing date is not yet known. When it lists, Grand Twins will be only the second company to do so since the CSX opened in 2012. The first IPO was the Phnom Penh Water Supply Authority. … A release on Phnom Penh Securities’ website states Grand Twins is seeking a minimum subscription of 1,000 shares at a price range between $1.85 and $3.5. It also states the result of the book building process would be announced April 3. … Grand Twins’ website states the company was founded in 1997 and makes clothes for U.S. athletic brands, including Adidas, Reebok and Salomon. …

 Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/