Pestech (Cambodia), a local subsidiary of Malaysian Pestech International Berhad, made its debut on the Cambodia Securities Exchange (CSX) on Wednesday (Aug 12) after an initial public offering (IPO) raised about US$3 million.
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 per cent of its total shares, at the price of 3,120 riels ($0.76) per share, Executive Chairman of Pestech (Cambodia) Paul Lim said.
