On August 12, 2026, Cambodia Securities Plc. (CSP) successfully hosted a Roadshow for prospective Chinese investors on the Initial Public Offering (IPO) of Borey Vimean Samnang Plc. (BVS), which is set to become Cambodia’s 13th listed company, at the Cambodia Securities Exchange (CSX). The event represented another important initiative by CSP to promote the internationalization of Cambodia’s capital market and facilitate greater engagement between Chinese and international investors and high-quality Cambodian enterprises.
Mr. Bae Heungsoo, Vice Chairman of the Board and Chief Operating Officer of the Cambodia Securities Exchange (CSX); Mr. Teng Cheng-Yueh, Chairman of the Board of Cambodia Securities Plc.; Dr. Kim Heang, Founder and Chairman of Borey Vimean Samnang Plc. (BVS); and other distinguished leaders and guests attended the event, jointly witnessing the further introduction of Cambodia’s capital market to Chinese and international investors.
As the Designated Securities Sales Agent for the BVS IPO, Cambodia Securities Plc. leveraged its network of Chinese and international investors, professional capital market capabilities and cross-border resource integration strengths to organize the Roadshow. The event provided a professional platform for prospective Chinese investors to gain a deeper understanding of the BVS IPO and Cambodia’s capital market, while CSP also provided related services including IPO subscription and securities account opening.
Capital Markets Empower Business Growth, Creating New Opportunities for Chinese Investors
Mr. Bae Heungsoo, Vice Chairman of the Board and
Chief Operating Officer of the Cambodia Securities Exchange (CSX), noted that over the past two decades, Chinese
investors and enterprises have continued to pay close attention to and
participate in Cambodia’s economic development. As Cambodia’s economy and
capital market continue to develop, Chinese investors and other international
investors are expected to play an increasingly important role in Cambodia’s
capital market.
He emphasized that CSX welcomes Chinese and other international investors to further understand and participate in Cambodia’s capital market, and will continue to support high-quality enterprises in accessing the capital market while further strengthening connections between the market and international investors.
From Entrepreneurship to IPO, BVS Enters a New
Stage of Capital Market Development
In his address, Dr. Kim Heang, Founder and
Chairman of Borey Vimean Samnang Plc. (BVS), reflected on his
entrepreneurial journey since 2001. Over the past two decades, he gradually
expanded from real estate brokerage, property valuation, property management
and real estate investment into property development, ultimately bringing the
Borey Vimean Samnang project to the capital market. For him, the IPO represents
not only an important milestone in his more than two decades of
entrepreneurship, but also the realization of his long-standing ambition to
bring the company into the capital market.
From its entrepreneurial beginnings, to entering the capital market, and now looking toward the international capital market, BVS’s development journey demonstrates the possibilities of continuously expanding both business growth and access to capital.
As Cambodia’s 13th IPO company, BVS’s listing also marks a further step for Cambodian real estate development enterprises into the capital market. Its core project, Borey Vimean Samnang, is positioned as a high-end residential community and luxury villa development, with a focus on green environments, community planning and infrastructure development. Supported by surrounding facilities such as schools, banks and government institutions, the project aims to create an integrated community combining quality living with convenience.
Going forward, BVS will further develop the Bavet
residential project and Samnang Town apartment project, enhance supporting
facilities including schools, shopping centers, hospitals and entertainment
facilities, advance the integration of real estate services and expand into
other residential projects, further broadening its growth opportunities.
In terms of the IPO offering, BVS also presents several distinctive features: an issue price of KHR 1,200 per share (approximately USD 0.30), together with an 8.0% dividend arrangement for five years and a 5% cash rebate, providing investors with a new option for participating in Cambodia’s real estate sector and capital market.
For Dr. Kim Heang, the IPO is not the
destination. After bringing the company into Cambodia’s capital market, he
has further expressed his vision of eventually entering the international
capital market. From entrepreneurship, to entering the capital market, and
now looking toward international capital markets, BVS is exploring a
development path in which corporate growth, project development and access to
capital continue to expand.
From Business Operations to Capital Management, Unlocking Long-Term Growth
Mr. Teng Cheng-Yueh, Chairman of the Board of
Cambodia Securities Plc., said that Cambodia’s capital market remains in a stage of continuous
development. For enterprises investing and operating in Cambodia, the capital
market not only provides an additional financing channel, but also creates new
opportunities for long-term growth and international expansion.
Mr. Teng Cheng-Yueh noted, “Today’s
IPO is not simply a share issuance; it represents an important transition for
an outstanding enterprise from ‘business operations’ to ‘capital management.’”
As more Chinese enterprises invest and develop
in Cambodia, they can further explore a development path extending from industrial
investment and business operations to capital market financing and access to
international capital. Cambodia Securities Plc. will also leverage its
professional capabilities as a local securities institution to provide relevant
capital market services to Chinese enterprises.
Deepening Cambodia-China Capital Market Exchange
The Roadshow was not only an important
promotional component of the BVS IPO, but also an important initiative by
Cambodia Securities Plc. to connect Cambodian enterprises with Chinese
investors and promote Cambodia-China capital market exchange.
During the event, Ms. Nan Fang, Deputy Chief
Executive Officer of Cambodia Securities Plc., delivered a keynote
presentation entitled “Cambodia’s Golden Decade of Capital Markets,”
focusing on Cambodia’s economic development, capital market development and
future opportunities, and introducing the growth potential of Cambodia’s
capital market.
In response to issues of interest to Chinese investors regarding the BVS IPO, representatives from the issuer, underwriting institution and Cambodia Securities Plc. exchanged views on IPO arrangements, pricing mechanisms, shareholder lock-up periods and foreign investor participation in Cambodia’s stock market, helping investors gain a deeper understanding of BVS and Cambodia’s capital market.
At the same time, Cambodia Securities Plc.
provided on-site consultation on securities account opening and IPO
subscription procedures, facilitating Chinese investors’ participation in
Cambodia’s capital market.
Through the Roadshow, exchanges and investor services, Cambodia Securities Plc. further strengthened connections between Chinese investors, Cambodian enterprises and Cambodia’s capital market, while creating more opportunities for Cambodian enterprises to access Chinese and international capital.
Connecting Enterprises and Capital Through Professional Services
This positioning also reflects the professional value of Cambodia Securities Plc.: serving Cambodian enterprises on one side and connecting Chinese and international investors on the other, thereby facilitating more direct communication and interaction between enterprises and capital.
To date, Cambodia Securities Plc. has continued to organize multiple dedicated IPO Roadshows, accumulating experience in investor network development, IPO market promotion and international capital connectivity.
Looking ahead, Cambodia Securities Plc. will continue to leverage its Chinese and international investor resources and professional capital market capabilities to support more high-quality Cambodian enterprises in accessing the capital market, provide Chinese and international investors with more professional and efficient services for participating in Cambodia’s capital market, and further promote connectivity between the Cambodia-China capital markets.
