Water Authority Stock Launch May Be Delayed

It is unclear if the Phnom Penh Water Supply Authority will be ready to launch its initial public offering on Nov 11 as planned, the managing director of Tong Yang Securities, the firm preparing the IPO, said yesterday. “Everyone in this IPO are working very hard to meet the deadline of 11/11, but it might be more realistic that we may look at before the end of this year,” said Han Kyung-tae, managing directory of Tong Yang Securities.