Pestech (Cambodia), a local subsidiary of Malaysian Pestech International Berhad, made its debut on the Cambodia Securities Exchange (CSX) on Wednesday after an initial public offering (IPO) raised about 3 million U.S. dollars.
The power technology firm, which has built electrical substations and transmission lines in Cambodia since 2010, became the seventh equity-listed firm that issued its IPO on the kingdom’s bourse.
The firm sold 3,945,000 shares, or 5.26 percent of its total shares, at the price of 3,120 riels (0.76 U.S. dollar) per share, Executive Chairman of Pestech (Cambodia) Paul Lim said.
In full: http://www.xinhuanet.com/english/2020-08/12/c_139285874.htm
