Phnom Penh SEZ gets $10M in investment

Twp regional companies have invested nearly $10 million to acquire 14 million shares in the Phnom Penh Special Economic Zone Plc (PPSEZ) – one of five companies listed on the Cambodia Securities Exchange (CSX) – in what is considered the first ever private offering by a listed firm in the Kingdom.

JWD Infologistics Plc, a logistics company from Thailand, and Bok Seng Group, a Singaporean company that provides a comprehensive range of logistics services, unveiled their placements at a press conference on Friday.

JWD acquired more than 7.5 million of the 14 million shares, while Bok Sheng Group took up the remaining at 70.37 cents per share, bringing PPSEZ a combined $9.85 million in placement. The acquisition pushes the total listed shares of PPSEZ to nearly 72 million.

Bok Seng Group founder and chairman Henry Ng Lian Soon who also has commercial operations in Malaysia, Indonesia, Brunei, Thailand, Myanmar, Vietnam and Laos, said he is keen to capitalise on the Chinese government’s Belt and Road initiative by linking his Cambodian investment with other countries where his company has a presence.

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