Insiders hope the government will promulgate the law next year.
The 57 senators unanimously approved the bill at the 6th Senate Session on December 21 after the bill was greenlit at a Cabinet meeting presided over by Prime Minister Hun Sen early in September.
Government securities are a vital financial tool for governments to raise financing from the domestic private sector and from abroad for socio-economic development, according to the minutes of the meeting.
The final version of the draft bill states: “The bill aims to provide a common framework for the management on issuance, trading, and the efficient, accountable and transparent management of government securities.
Share
CSX reviews first application for Growth Board IPO
Mon, 14 December 2020
The Cambodia Securities Exchange (CSX) is currently going over its first-ever initial public offering (IPO) eligibility review application for a company to list on its Growth Board since the secondary board was launched in 2015, its vice-chairman Ha Jong-weon told The Post on December 14.
A first listing will enlighten the Kingdom’s small and medium-sized enterprises (SMEs) to new possibilities of going public and raising funds on the capital market, he said.
“We will give them the approval notification within one month if the documents and information are completed,” Ha said, declining to provide further details before the Securities and Exchange Commission of Cambodia (SECC) had given the green light for the IPO.