PortStrategy.com
SBI Phnom Penh Securities Co, Ltd. has been appointed by the Ministry of Economy and Finance of Cambodia to lead manage an initial public offering of Cambodia's state-owned Sihanoukville Autonomous Port ("PAS"), the company said in a press release.
The IPO will be launched when the stock exchange becomes operational, expected to be this summer. It is the first time a Japanese-backed company has been involved in a Cambodian IPO.
As a lead managing underwriter for the IPO, SBI will contribute to the growth of the Cambodian capital market through assisting PAS in its listing, and will also conduct sales of the underwritten stocks in Japan in conjunction with subsidiary SBI Securities Co, the company added.
With a gross throughput of 1.87m tonnes, Sihanoukville's main business is defined as the development and management of Sihanoukville's Special Economic Zone which includes Cambodia's only deepwater international port. The port is one of three major state companies that the government is planning to list, reportedly in the course of this year.
The SBI Group established the Phnom Penh Commercial Bank Limited in September 2008 with its investment of 40% of the bank’s shares, and will now endeavor to contribute to Cambodia’s economic development in both the banking and securities sectors. The SBI Group will continue the overseas development of its financial service businesses, primarily in the Asian emerging countries.
2 comments:
Koh Tral Island must not be forgotten
By Ms. Rattana Keo
Why do Koh Tral Island, known in Vietnam as Phu Quoc, a sea and land area covering proximately over 10,000 km2 [Note: the actual land size of Koh Tral itself is 574 square kilometres (222 sq miles)] have been lost to Vietnam by whose treaty? Why don’t Cambodia government be transparent and explain to Cambodia army at front line and the whole nation about this? Why don't they include this into education system? Why?
Cambodian armies are fighting at front line for 4.6 km2 on the Thai border and what's about over 10,000km2 of Cambodia to Vietnam. Nobody dare to talk about it! Why? Cambodian armies you are decide the fate of your nation, Cambodian army as well as Cambodian people must rethink about this again and again. Is it fair?
Koh Tral Island, the sea and land area of over 10,000 square kilometres have been lost to Vietnam by the 1979 to 1985 treaties. The Cambodian army at front line as well as all Cambodian people must rethink again about these issues. Are Cambodian army fighting to protect the Cambodia Nation or protecting a very small group that own big lands, big properties or only protecting a small group but disguising as protecting the Khmer nation?
The Cambodian army at front lines suffer under rain, wind, bullets, bombs, lack of foods, lack of nutrition and their families have no health care assistance, no securities after they died but a very small group eat well, sleep well, sleep in first class hotel with air conditioning system with message from young girls, have first class medical care from oversea medical treatments, they are billionaires, millionaires who sell out the country to be rich and make the Cambodian people suffer everyday.
Who signed the treaty 1979-1985 that resulted in the loss over 10,000 km2 of Cambodia??? Why they are not being transparent and brave enough to inform all Cambodians and Cambodian army at front line about these issues? Why don't they include Koh Tral (Koh Tral size is bigger than the whole Phom Phen and bigger than Singapore [Note: Singapore's present land size is 704 km2 (271.8 sq mi)]) with heap of great natural resources, in the Cambodian education system?
Look at Hun Sen's families, relatives and friends- they are billionaires, millionaires. Where did they get the money from when we all just got out of war with empty hands [in 1979]? Hun Sen always say in his speeches that Cambodia had just risen up from the ashes of war, just got up from Year Zero with empty hands and how come they are billionaires, millionaires but 90% of innocent Cambodian people are so poor and struggling with their livelihood every day?
Smart Khmer girl Ms. Rattana Keo,
DON`T BE WORRY,HONEY..RATTANA KEO.THE KOSH TRAL ISLAND IS STILL BELONG TO CAMBODIA!,BUT IT ONLY ALLOW TO VISIT THERE IF YOU OR ANY CAMBODIAN WHO IS HOLDING THE STUPID SPECIAL CARD WHICH ANYONE BELLONG TO THE CPP`S PARTY!.THAT`S ALL,I HAVE KNOWN.GOOD LUCK MY DEAR,GOD BLESS CAMBODIAN PEOPLES AND THE KINGDOM OF CAMBODIA.WATCH OUT!.
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