The government of Cambodia has announced the start of preparations for three state-owned companies, including incumbent fixed line operator Telecom Cambodia, to list on the forthcoming Cambodian Stock Exchange, writes local daily the Phnom Penh Post. In a meeting on the initial public offerings (IPOs) with the Ministry of Economy and Finance, Minister of Finance Keat Chhon said the companies would act as an example to the rest of the private sector during the bourse’s initial stage. ‘The listing is a method to mobilise financial resources for these enterprises,’ he said, adding that the trio have been selected to list as they have been the subject of takeover enquiries by foreign firms
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