Cambodia Securities Plc held its Grand Opening ceremony on February 11 in the presence of esteemed dignitaries including HE Mey Vann, Secretary of State at the Ministry of Economy and Finance, and Secretary-General of the Non-Bank Financial Services Authority.
HE Sou Socheat, Director-General of the Securities and Exchange Regulator of Cambodia (SERC), and HE Hong Sok Hour, CEO of the Cambodia Securities Exchange (CSX), were also in attendance. They were joined by representatives from the Chinese Embassy and the Hong Kong Stock Exchange, as well as experts from a number of international investment banks and financial institutions.
Cambodia Securities founder and CEO Kerady Buth thanked the official representatives from the various countries, industries and chambers of commerce present for their participation.
The event saw Cambodia Securities report on recent business performance, as well as sign memorandums of understanding with three leading financial institutions. Six IPO contracts were also signed with industry leaders in their respective fields for potential bonds and equity issuance worth more than $200 million.
Cambodia Securities – the first ever securities house in Cambodia with a complete set of licences and authorisations – aims to become the Kingdom’s leading investment bank.
Teng Cheng Yueh, Executive Director of the Board, said Cambodia Securities’ primary goal was to bring top investment opportunities in the Kingdom to overseas capital markets.
“This strategy not only allows investors to enjoy the best opportunities for high growth, but also lays a most important foundation for Cambodia’s overall economic development. We believe the Kingdom’s capital market is about to enter a golden decade,” he said.