Firms mobilize $549 million from securities market

Firms mobilize $549 million from securities market

The Cambodia Securities Exchange (CSX) continues to demonstrate steady growth, with 25 listed companies as of April, according to a report.

These firms include 11 companies listed as equity securities and 14 companies as debt securities.

Hong Sok Hour, CEO of the Cambodia Securities Exchange, emphasized the significant capital raised through the local bourse.

Highlighting the listed entities have collectively mobilized approximately $549 million from the securities market as of April, Hour said that the capital injection plays a crucial role in fueling economic development and providing growth opportunities for Cambodian businesses.

“The increase in listed companies reflects a growing confidence in the CSX as a viable platform for fundraising and investment,” he said.

The presence of both equity and debt instruments offers investors a diverse range of options to participate in the country’s economic progress and have options to seek for source of fund from the market, he said.

According to CSX, several factors contributed to this positive trend, as it is working to increase awareness among local businesses about the benefits of public listing, supportive regulatory frameworks.

The $549 million raised to date has been utilised by listed companies for various purposes, including business expansion, infrastructure development, and working capital.

The CSX, which launched trading in 2012, is a joint venture between the Cambodian government holding 55 percent of the stakes and the Korean Exchange, owning the remaining 45 percent.

CSX is committed to achieving significant goals for 2025 by continuing to double the daily trading value to about $300,000, adding 15,000 new trading accounts, and increasing the number of listed companies by at least six.

Hean Sahib, Secretary of State of the Ministry of Economy and Finance and Chairman of the Board of the Securities and Exchange Commission of Cambodia, said that

Cambodia has been and is making dynamic strides forward and has continued to focus on the securities sector by promoting the innovation of financing mechanisms and financial products to support investment and economic diversification.

“With the efforts and strong support of the Cambodia Government, the Cambodian securities sector has attracted and encouraged more and more potential companies to list and sell shares and/or bonds on the Cambodian Securities Exchange, which has led to the sector continuing to grow and contribute to national socio-economic development,” Sahib said.

khmertimeskh