PPAP share offer fully subscribed
Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, successfully raised $5.2 million in an initial public offering that was more than 1.4 times oversubscribed, its underwriter said yesterday.
Subscription for 4.1 million shares, a 20 per cent stake, of the port operator was held November 12-17, with a share price of 5,120 riel ($1.26) set following a bookbuild last month. The company’s stock will be listed on the Cambodian Stock Exchange (CSX) in December. ...
Cam McGrath and Sorn Sarath
http://www.phnompenhpost.com/business/ppap-share-offer-fully-subscribed
