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NEW UPDATES Asean Affairs   24  January 2014  


Cambodia bourse to get second IPO in April

Taiwanese garment factory Grand Twins International will be the second company to go public on Cambodia’s fledgling stock exchange, the Securities and Exchange Commission of Cambodia (SECC) confirmed yesterday.

In a first for Cambodia’s turbulent garment sector, Grand Twins – the second largest garment factory in Cambodia, according to its own statistics – anticipates listing in April, according to Chhun Sambath, director of the security insurance supervision department of the SECC. It will join the Phnom Penh Water Supply Authority.

“[The company] has prepared quite well,” Sambath said in a recent interview, adding that Grand Twins was calculating an opening price somewhere between $1.85 and $3.50 per share. A pitch to potential investors says that 8 million shares are going up for sale in the IPO.

The firm did not return calls yesterday, but the manufacturer’s marketing material says it had some 5,700 employees in 2012, and that nearly 90 per cent of the clothing produced at the factory ships to sports retail giant Adidas.

Grand Twins first announced listing plans in 2011 but delayed the IPO several times, once over disagreements regarding share prices.



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ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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