'Big Bang' moment for Cambodian stock market
The listing of the country's largest commercial bank Acleda on one of the world's youngest bourses can serve as a role model for other companies.
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ONE of the world's youngest and smallest bourses, the Cambodia Securities Exchange (CSX), is breaking the shackles of the coronavirus with the recent listing of the country's largest commercial bank, as it moves ahead to implement a blueprint to develop its capital markets.
The event was ground-breaking because Acleda Bank Plc is not only the first local bank to list, but it is also the first private company to join the bourse which is dominated by five state-linked firms.
The vice-chairman and COO of the CSX, Jong Weon Ha, has described the listing as "a really big deal", "a game changer", and "a big moment".
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