Acleda Bank becomes sixth listed firm on Cambodia’s bourse

The Cambodia Securities Exchange (CSX) saw its sixth listing on May 25 as shares of Cambodia’s largest commercial lender, Acleda Bank, started trading unperturbed by the current economic uncertainty caused by the coronavirus pandemic.

Acleda Bank is joining a garment factory, a utility firm, two state-owned ports and a special economic zone operator listed on the CSX which opened in 2011. The bank had assets of $6.18 billion as of the end of last year and reached a market capitalisation of $1.75 billion during the initial public offering (IPO), nearly three times that of the five other listed firms at the CSX together.

Acleda’s listing has been promoted as a “People’s IPO,” encouraging retail investors and the general public to participate according to their financial ability, the bank said.

In full: http://investvine.com/acleda-bank-becomes-sixth-listed-firm-on-cambodias-bourse/

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