The Securities and Exchange Commission of Cambodia has approved in principle the listing of Phnom Penh Water Supply on the Cambodian Securities Exchange, according to the SECC’s website.
The announcement fell a step short from listing approval for PPWS, with the SECC requiring additional paperwork, including disclosure documents, before the state-owned company is allowed to trade on the stock exchange.
The CSX gave the company permission to list in early January, though the SECC has final approval.
The CSX officially opened in July, and trading was expected in November.
Government officials, including Minister of Economy and Finance Keat Chhon, later changed that deadline to early 2012.
However, industry insiders have more recently predicted a second-quarter start.
Contact PhnomPenh Post for full article
SR Digital Media'#41, Street 228, Sangkat Boeung Raing, Khan Daun Penh, Phnom Penh, Cambodia
Tel: +855 92 555 741
Email: [email protected]
Copyright © All rights reserved, The Phnom Penh Post