Private firms plan CSX IPOs
A logistics firm and two garment manufacturers planned to list on the Cambodia Securities Exchange during the second half of 2012, underwriter Phnom Penh Securities said yesterday. The companies are the first known private businesses to confirm their intentions of listing on the Kingdom’s still-dormant bourse. Manufacturing companies Grand International Ltd and TY Fashion Co Ltd signed initial public-offering preparation contracts in June and July, respectively, Phnom Penh Securities CEO Stephen Hsu said. Olair Dry Port Worldwide Co Ltd, a logistics firm, had reached an underwriting deal in mid-July, he said. The plans – among several rumoured private listings – were a welcome signal from the private sector, as so far only the state-owned firms Phnom Penh Water Authority, Sihanoukville Autonomous Port and Telecom Cambodia were expected to hold offerings, Hsu said…
http://www.phnompenhpost.com/index.php/2011110352509/Business/private-firms-plan-csx-ipos.html
