Grand Twins again delays bourse listing

29 May 2014
The Cambodia Daily
Economic policy and administration / Economy and commerce / Garments and textiles / Government / Industries / International relations / Investment / Securities exchange (stock market) / Trade / Trade policy and regulation
Cambodia Securities Exchange / CSX / Eddie Liao / Grand Twins / Grand Twins International (Cambodia) Co Ltd / Phnom Penh Securities / Phnom Penh Water Supply Authority / PPS / Soleil Lamun

Grand Twins International (Cambodia) Co. Ltd., a Phnom Penh-based manufacturer of clothes for U.S. athletic brands, has again delayed its listing on the Cambodia Securities Exchange (CSX), officials said Wednesday. The company was expected to list Thursday, but technical problems prevented it from doing so, according to Kuy Vat, chairman of Phnom Penh Securities (PPS), the underwriter for Grand Twins. … Grand Twins was originally scheduled to list May 8 but in mid-April, PPS issued an announcement that said the date was pushed to Thursday. It offered no explanation. No announcement had been made on the PPS website Wednesday, but a large banner displayed the results of Grand Twins’ book-building process, which records investor demands to determine the price for an IPO. It lists Grand Twins’ final price as 9,640 riel, or about $2.41. When it does list, Grand Twins will be the second company on the bourse and the first private company trading shares. …

 Hul Reaksmey
http://www.cambodiadaily.com/business/grand-twins-again-delays-bourse-listing-59958/