Publications

WINSUN SIGNED AGREEMENT FOR ANOTHER LAND

It was October 23rd, 2014 that TAISUN Int’l (HOLDING) CORP., a Taiwanese company already operating their production in Vietnam, signed an agreement with us for a plot of land in our second phase of the project. The company then established their subsidiary company in Cambodia at the beginning of 2016 with the name “Winsun (Cambodia) Co., Ltd.” planning to manufacture Disposable Baby Diapers, Adult Incontinent Products, Lady Sanitary Napkins and Wet Tissues.

Foreseeing the potential future expansion, the company signed an agreement with us for another plot of land next to the current one on June 10th, 2016.

Another similar case was Midori Techno Park (Cambodia) Corporation’s agreement in March 2016. This company has been operating in our rental factory for about two years prior to their decision to long-term lease our land for their own factory.

Besides the two mentioned companies, in the first half of 2016, we have received investments from two more manufacturing companies namely China Animation and Sankei Engineering.

We will keep trying our best to improve our facilities and services to attract more and more investors to invest in our zone, which will in turn contribute to the industrialization and the economic development of the country.

H.E. Dr. Kun Nhim – Director-General of General Department of Customs and Excise of Cambodia – Visited Phnom Penh Special Economic Zone on 09th June, 2016

In the morning of 9th June, 2016, H.E Dr. Kun Nhim – Director-General of General Department of Customs and Excise of Cambodia led the customs and excise delegates to visit in Phnom Penh Special Economic Zone (Phnom Penh SEZ) on the purpose of finding out investment environment and production activities in PPSEZ, and wanting to facilitate those operators as well as reinforce the practice​​ of applicable customs procedures in this economic zone.

In this visit, H.E Dr. Kun Nhim had a town hall meeting with the investors in the zone to promote the government’s encouragement policy to investors and proposed to have more investment in the special economic zone. In that special occasion, H.E. also visited the production of three factories – (1) electronic product factory – Minebea (Cambodia), (2) milk product factory – Angkor Diary Products, and (3) Diamond polishing factory – Laurelton Diamond (Cambodia).

In the size of 357 hectares, there are now 77 companies in Phnom Penh Special Economic Zone operating over many main sectors such as precision electronic, automotive industry, diamond polishing, milk, beverages, garment, shoes, animal feed, and … etc.​ PPSEZ created jobs more than 18, 000 posts and provided the customs tax income to the national budget approximately 5, 000, 000 dollars in 2015. Moreover, in this first term of 2016, the customs tax income collected from this special economic zone is approximately 1.9 million dollars which is increased​​ at 76.34% comparing to the same period in 2015. In addition, the special economic zones nationwide have been equipped by Automated System for Customs Data-ASYCUDA to facilitate customs procedures for import – export since June 2015.

Creating special economic zones is an important part of the government’s long period economic development strategy to increase economic growth sustainably through improving investment environment especially attracting Foreign Direct Investment (FDI), pushing and increasing export, and creating jobs for Cambodian citizens.

Phnom Penh SEZ promotes IPO benefit at CSX event

Kingdom's leading special economic zone, recently listed on the Cambodia Securities Exchange, participated in promotion of IPO’s in the Kingdom

Phnom Penh, 8th June 2016 - On Tuesday 7th of June, Phnom Penh SEZ participated in "Securities Market: a path toward growing business", an event organized by the Cambodian Stock Exchange (CSX) at Sofitel Phnom Penh Phokeethra. The event was a great opportunity for the industrial estate to share its enthusiasm for the domestic stock market with the Cambodian business community.

The event was attended by H.E Dr. AUN Pornmoniroth, Minister of Economy and Finance and by H.E SOU Socheat, Director General of the Securities and Exchange Commission of Cambodia (SECC).

"Today's event is expected to bring together senior representatives of more than 100 companies, to meet with speakers from relevant institutions. We strongly hope that this conference will provide an opportunity for all participants, especially Cambodian companies, to have a better understanding of raising capital from the public as an alternative financing option," says Mr. Hong Sok Hour, CEO of the Cambodia Securities Exchange.

Since the opening of the Stock Exchange in Cambodia in July 2011 four companies have been listed, including Phnom Penh SEZ, which successfully concluded its IPO campaign last week and became the first private Cambodian company to go public.

Mr Fong Nee Wai, CFO of Phnom Penh SEZ PLC, was invited to represent the industrial estate during a panel discussion: "As the fourth company listed on the CSX, it is our role to share our experience and encourage more local entrepreneurs to look closely at the opportunity to go for an Initial Public Offering," says Nee Wai. "Thanks to transparency, businesses will gain investors' confidence, expand their source of funds for the long-term and consequently achieve a higher level of development and success."

Phnom Penh SEZ was already present at a first event in January 2015, when the CSX organized a similar event, "My First Stock", to promote the domestic market particularly among private investors from the general public.

"After 6 years, the growth of the capital market is slow and takes longer than expected to take off. A seminar or event like this should be regularly conducted, as it gives an opportunity to the general public, especially Cambodian companies, to participate and understand how the stock market works. I believe this is one of the keys to grow the stock exchange faster and to attract more foreign investors," said Nee Way.

Phnom Penh SEZ listed on the Cambodian Stock Exchange

Kingdom’s leading economic zone launched public listing on the Cambodia Securities exchange (CSX) – Shares trade under the name "PPSP"

Phnom Penh, 30th May 2016 – The board of directors and key private and institutional investors attended the official listing ceremony of Phnom Penh SEZ Plc. on the Cambodia Securities Exchange today. After successfully raising $8.2 million in an initial public offering, the industrial estate becomes the first private Cambodian company to list on the Cambodian Stock Exchange (CSX).

The official listing ceremony was presided over by Mr. Hong Sok Hour, Chief Operations Officer of the Cambodia Securities Exchange (CSX) and observed by H.E.Mr. Sou Socheat, Director General of the Securities Exchange Commission of Cambodia (SECC). Institutional investors from Thailand, Japan and Malaysia who covered a major part of the shares allocated during the IPO process also joined the ceremony.

"This is a fantastic day for Phnom Penh SEZ. The road to being listed by the Securities and Exchange Commission of Cambodia (SECC) was long. Our decision to go public is rooted in our desire to keep growing, to remain the most attractive investment destination in Cambodia, and to help move our country’s industrialization forward," said Lok Chumteav Okhna Lim Chhiv Ho, Chairman of Phnom Penh SEZ Plc. "It is a milestone not only for our company but for our nation as a whole, as our listing today is the first both of a major industrial zone and of a private Cambodian Company."

Phnom Penh SEZ Initial Public Offering (IPO) saw a high demand from the business and investment community both domestically and abroad. All 11,575,000 shares offered during the IPO were fully subscribed at the issue price of KHR 2,860 (USD 0.713) per share. The entire 57,875,000 shares of the industrial estate are now listed on the Cambodia Securities Exchange (CSX) under the listing name “PPSP”.

"Funds from the IPO, which our current shareholders have already committed to investing into the company and its future expansion, are expected to expedite the company through to its next stage of development. We are here for the long term and are not looking for fast profits. We aim to provide stable returns to our partners and investors for years to come,"  said Lok Chumteav Okhna Lim Chhiv Ho.

This major developmental step allows the industrial estate to plan an investment of 3.5 million to expand the actual SEZ in Phnom Penh and in its new 53ha SEZ project in Poipet (Poipet PP Special Economic Zone). At the Thai border, the company aims at meeting the demands of higher technology manufacturers and hopes to attract groups that look for a secure investment in a strategic location within the Asean Economic Community (AEC).

"Our whole team has worked very hard to get to where we are now and to move forward with this exciting new challenge," says Mr. Hiroshi Uematsu, CEO of Phnom Penh SEZ Plc. "Our listing today is a significant sign of confidence in the market, in our business, and in a prosperous future for Phnom Penh SEZ, for our investors, and for Cambodia. We are really proud to finally be listed on the Cambodian Stock Exchange."

As the event came to a close, Mr. Fong Nee Wai, CFO of Phnom Penh SEZ Plc. encouraged investors to look closely at the PPSP share price development: "We believe that in the next two years the Stock Exchange will take off. Buying our stock is a long term and secure investment with a real potential for gain in the future. We hope that Phnom Penh SEZ’s listing will generate excitement in the domestic market and boost investors’ confidence in Cambodia as a whole.''

Opening Ceremony of Angkor Dairy Products Co., Ltd.

In the morning of May 25th, 2016, Phnom Penh SEZ Plc. was honored to witness the Grand Opening Ceremony of Angkor Dairy Products Co., Ltd., a joint venture company of Vinamilk from Vietnam and BPC Trading Co., Ltd. from Cambodia. This new factory is the first and only dairy products manufacturing factory in Cambodia, producing high quality liquid milk, yogurt, and condensed milk for the local market.

The ceremony was conducted under the presidency of Lok Chumteav Men Sam On, Deputy Prime Minister of Cambodia, and Minister of National Assembly and Senate Relation and Inspection, H.E. Mr. Thach Du, Vietnam’s Ambassador Extraordinary and Plenipotentiary in Cambodia, Lok Chumteav Oknha Lim Chhiv Ho, Chairwoman of Phnom Penh SEZ Plc., as well as many other distinguished guests from government and private sectors.

Mr. Phat Bun, Chairman of BPC Trading Co., Ltd. and director of Angkor Dairy Products Co., Ltd. said in the ceremony “Angkor Dairy Products Co., Ltd. is proud to be the first and only company in Cambodia obtaining a milk manufacturing plant. We commit ourselves to Cambodian development by providing our consumers with optimal nutrition solutions that meet international standards.”

We are delighted and proud to have this new investment company in our zone. Surely, the dairy products made in Cambodia by Angkor Dairy Products Co., Ltd. Will be loved by a lot of Cambodian people around the country. We have been and will keep working hard to attract more and more investors to come to invest in our zone, which in a result will produce more jobs for the Cambodian people, and more development to the society.

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Contact Information

Phnom Penh Special Economic Zone
National Road No.4, Khan Posenchey,
Phnom Penh, Cambodia.

T:
+855 (0)23 729 798
F: +855 (0)23 729 799