Phnom Penh SEZ to list in Thailand
Cambodian special economic zone firm, Phnom Penh SEZ Plc, will appoint Thai’s financial firm Asset Pro Managment Co as its financial advisor to apply for a secondary listing in Thailand on Wednesday, January 31.
The company will raise capital from the Thai capital market for its business expansion, according to an announcement on Monday.
This is the first time a Cambodia firm has done so. At the event, the company’s chairwoman, Lok Chumteav Oknha Lim Chhiv Ho, will sign the contract.
Phnom Penh SEZ Plc (publicly listed in Cambodia under “PPSP”) manages Phnom Penh SEZ, which is over 357 hectares in size and has investment from more than 80 international companies from 15 nations.
The company received approval to develop a multi-product SEZ from the government of Cambodia on April 19, 2006.
At the end of 2016, the company reported total revenue of US$9.46 million and net profit US$1.44 million, according to a report on its website.
