Pestech to list IPO on CSX this year

Pestech (Cambodia) Ltd (PCL), a subsidiary of Malaysia-based Pestech International Bhd, plans to list an initial public offering (IPO) on the nascent Cambodia Securities Exchange (CSX) this year to build the company’s operations and reputation in the Kingdom.

PCL has clinched three electricity infrastructure contracts to date in the Kingdom – the 230kV/500kV Sihanoukville-Bek Chan (Phnom Penh) transmission line, the 115kV Siem Reap-Oddar Meanchey transmission line and the 230kV Kampong Cham-Kratie transmission line.

Malaysian media outlet The Edge Markets on Tuesday quoted PCL CEO and executive director Paul Lim Pay Chuan as saying the company has identified its cornerstone investors and the IPO – initially proposed in February 2016 – should materialise by the middle of this year.

In full: https://www.phnompenhpost.com/business/pestech-list-ipo-csx-year

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