Cambodian stock exchange begins trading

Cambodia launched the CSX in July last year in partnership with Korea Exchange, with no listed companies. [Reuters: Samrang Pring]
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Cambodia launched the CSX in July last year in partnership with Korea Exchange, with no listed companies. [Reuters: Samrang Pring]

Last Updated: Wed, 18 Apr 2012 19:26:00 +1000

Trading on Cambodia's stock exchange has started for the first time, nine months after it officially opened.

The formerly state-owned Phnom Penh Water Supply Authority, the only stock on offer, has floated 13 million shares or 15 per cent of the company.

The Cambodian Government will continue to own the remaining 85 per cent.

Two more state-owned firms are expected to follow the water company onto the market later this year.

While still among one of the world's poorest countries, Cambodia is emerging as one of the region's rising economies.

The country remains a largely cash-only economy, with many Cambodians hoarding their money at home instead of using banks.

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