Latest addition gives Cambodia's exchange a boost

THE BIG guns of the Cambodian stock market - a "Clean Water Hero" and a liquor and real estate queen - may be able to revive the fortunes of one of the smallest exchanges in the world, with just five listed firms, that has seen thin trading since it began operating in April 2012.

A sixth listing, an imminent initial public offering by a Malaysian company, may also help revive investor interest. On July 10, 2018, Pestech International Bhd announced that it had received Cambodia's approval to list its unit Pestech (Cambodia) Plc on the main board of Cambodia Securities Exchange (CSX).

The IPO of Phnom Penh-based Pestech Cambodia, which constructs electrical substations and transmission lines, will involve up to 39 million shares, each valued at 10 US cents, and may raise gross proceeds of US$20.3 million, the company said.