CNRP to Start Selling ‘Participation’ Shares Saturday

The CNRP will on Saturday begin accepting donations for the television station it plans to launch before the end of this year and selling “participation” rights in the business, opposition leader Sam Rainsy said Tuesday.

Prime Minister Hun Sen announced last June that he would let the CNRP set up the country’s first opposition-aligned TV station, and the party has since set about raising the funds necessary to start broadcasting.

Mr. Rainsy said earlier this month that he has secured pledges from supporters of about $1.5 million needed to begin operations.

He announced on his Facebook page Tuesday that the CNRP’s Phnom Penh office will from Saturday accept the donations and “participation” shares in the business, sold in multiples of $1,000.

“We will hold internal reports about who ‘participated,’ and what proportion [of shares in the company] they are entitled to in future,” Mr. Rainsy explained by phone.

“We had a meeting yesterday with all the appropriate people, and everything is on track. We expect that broadcasting will begin by the end of this year,” he said.

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