![\"\"](\"https:\/\/capitalcambodia.com\/wp-content\/uploads\/2019\/06\/Page-10.jpg\")
CSX
Chief Operating Officer<\/figcaption><\/figure>\n
\u201cDespite the number of SMEs in Cambodia, there has yet to be any listing on the Growth Board. We regret this. However, we hope at least one company will be listed by the end of the year,\u201d says Ha Jong Weon, chief operating officer of CSX.<\/p>\n
He adds that a majority of SMEs are not fully aware of CSX, resulting in long preparation periods for qualification in CSX. \u201cWe find that there are potential companies in Cambodia which could qualify but they do not understand the advantage of the capital market. So it takes a long time for them to understand. On top of that, SMEs are (mostly) family-owned who refuse to list as they do not want to reveal their accounts,\u201d Ha says.<\/p>\n
SECC deputy director-general Sok Dara says his commission is eager to support SMEs to enhance their readiness to list. The regulator set up an excellence program to guide SMEs through seminars that talk about good governance, law and regulations.<\/p>\n
SECC has selected 18 potential companies that qualify for listing on the stock market. Out of that, eight companies have submitted letters of interest to list on CSX.<\/p>\n
The companies, which are involved in education, construction and service sectors, are in the process of consultation, and are working with IPO teams including underwriters, lawyers and audit firms.<\/p>\n
\u201cIt is a good sign (when) companies (start to) work with underwriters. It is a first step as companies get auditors to check their documents in preparation of listing,\u201d Dara says.<\/p>\n
For now, it is difficult to speculate over their debut on the bourse but \u201cin any case, we see good progress,\u201d Dara says.<\/p>\n","protected":false},"excerpt":{"rendered":"
Four years on, small and medium enterprises (SMEs) have yet to populate Cambodia Securities Exchange (CSX)\u2019s Growth Board. The bourse has not received any application for listing, to date.<\/p>\n","protected":false},"author":3,"featured_media":2074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"Sok Dara\r\nSECC Deputy\r\nDirector-General","_FSMCFIC_featured_image_nocaption":null,"_FSMCFIC_featured_image_hide":null,"footnotes":""},"categories":[3],"tags":[327,46,473,33],"yoast_head":"\n