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ACLEDA Bank Plc. to be listed on the CSX on May 25
May 21, 2020
ACLEDA Bank Plc., Cambodia's leading commercial bank, is set to list its shares on the Cambodia Securities Exchange (CSX) on 25 May 2020. The Initial Public Offering (IPO) marks a new chapter of ACLEDA Bank's success story as the 1st commercial bank to be listed in Cambodia. Despite being in the middle of a global pandemic, 2,497 investors have successfully subscribed to the Bank's shares by participating in the IPO. This is the largest number of investors for IPOs in Cambodia and is a reflection of the trust and support for ACLEDA Bank has from its customers and the public. The Investors can begin placing buy/sell orders to trade ACLEDA Bank shares from 8:00am on the listing date.
Dr. In Channy, President & Group Managing Director of ACLEDA Bank Plc. said "We are delighted to announce that ACLEDA Bank Plc. will be listed on the CSX on Monday, May 25, 2020. Through ACLEDA Bank Plc.'s IPO, the individual and institutional investors now have the opportunity to invest in a listed commercial bank for the first time in the Kingdom. The new public shareholders of the Bank will now be able to enjoy the benefits of the Bank's growth through dividends and capital gains. The IPO of ACLEDA Bank attracted many Cambodian retail investors to the CSX for the first time and will continue to contribute to the development of the Cambodia capital market."
Mr. Han Kyung Tae, Managing Director of Yuanta Securities (Cambodia) Plc. said that "With ACLEDA Bank's shares listed on the CSX, the total market capitalization of the CSX will be tripled. We are honored and pleased to have been part of this monumental project as the sole financial advisor and to contribute to the development of the Cambodia securities market. We believe that ACLEDA Bank took a very important first step towards becoming a true People's Bank through the IPO. Yuanta, as the lead manager of this significant project, will continue to help the Issuer and public investors by focusing on enhancing liquidity of the Bank's shares in the secondary market. We believe that assisting the Issuer with follow-on offering and arranging block trades in the future will increase liquidity and attract more foreign investors to not only ACLEDA Bank's shares but also the Cambodian capital market."
For more information, please contact ACLEDA Bank Plc. through:
Mrs. Buth Bunsayha
Title: Executive Vice President & Group Chief Legal Officer and Corporate Secretary (Disclosure Officer)
Tel: 015 600 532
Email: buth.bunsayha@acledabank.com.kh
Mrs. Mar Amara
Title: Executive Vice President & Group Chief Financial Officer (Public Relation Officer)
Tel: 015 900 126
Email: amara@acledabank.com.kh