Phnom Penh SEZ Plc. Announced Issuing of New 14 Million Shares

After its debut on the Cambodia Securities Exchange in 2016, The Kingdom’s leading economic zone developer, achieved another key milestone for Cambodia capital market.

Phnom Penh, 19th October 2018 – On Friday 19th, Phnom Penh SEZ Plc. (listed on the Cambodian Stock Exchange under PPSP), announced issuing and listing of new 14 million shares to strategic investors including 1) JWD Infologistics Plc., a regional leading logistics company from Thailand and 2) Mr. Henry Ng Lian Soon, the Founder and Chairman of Bok Seng Group, a leading Singaporean regional provider of Integrated Project & Marine Logistics Management. This is considered as the first-ever private placement transaction by listed company in Cambodia. This conference was congratulated by H.E. Sou Socheat, Chief Executive Officer of Cambodia Securities Exchange (SECC), and H.E. Hong Sok Hour, Chief Executive Officer of Cambodia Securities Exchange (CSX). 

Mr. Fong Nee Wai, Chief Financial Offer of Phnom Penh SEZ Plc., brief on the benefit of being listed company by accessing to alternative financial instruments. In addition, he recapped on activities involving in this 18-month long process. As a result, the Company successfully raised the gross proceeds of US$9.85 million. The Company will use the net proceeds, after payment of offering expenses, to support expansion, new business development opportunity and for general corporate purposes. 

The media conference was also a great opportunity for Phnom Penh SEZ Plc to provide an update on business activities and reaffirm strategic direction. Mr. Hiroshi Uematsu, Chief Executive Officer of Phnom Penh SEZ Plc., was optimistic to the growth and future development of Industrial sector in Cambodia due to favorable global economic and political condition. In addition, he officially announced the latest transaction with Shenzhou International Group, the largest manufacture of high-end knitwear in China. This transaction is consider the biggest-ever land sales transaction by the Company.

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