Incentives for listed companies offered

Chea Vannak / Khmer Times No Comments Share:
The CSX representative
The CSX representative and the representative of the engaged banks sign the contract. Photo: KT/Chea Vannak

Two cash settlement agents have launched financial services to listed companies, allowing them to raise capital. The cash settlement banks offering special interest rates on loans and fixed deposits are the Bank for Investment and Development of Cambodia, and Canadia Bank Plc.

For in depth analysis of Cambodian Business, visit Capital Cambodia
.

The service was announced this morning at the Cambodia Stock Exchange (CSX).

The services provide opportunities for listed companies that seek capital for short term or long term usage to get it at lower interest rates than non-listed companies, officials at the CSX said.

. .

Sou Socheat, director general of the Securities and Exchange Commission, said at the event, “If listed companies want to raise capital they must either raise capital by issuing shares or ask cash settlement agents for loans with special interest rates.”

Jong Weon Han, vice-chairman of the CSX, stated that the incentive shows that the banking and the securities sectors can complement each other, and listed companies will not only earn trust from investors, but also strengthen confidence and cooperation with their partners.

Share and Like this post

Related Posts

Previous Article

White House calls for Fed to reverse US rate hikes

Next Article

Japan curbs on China’s telcos could hurt ties