Minister Directs Mock Trading, Launch Unclear

Cambodia Daily Friday, January, 13, 2012

   Finance Minister Keat Chhon joined officials of the Cambodia Securities Exchange (CSX) yesterday to conduct another day of mock trading of stocks ahead of the still-unknown launch of actual operations at the bourse, which opened in July but has yet to see a single stock sold or bought.

   The minister was accompanied by Phnom Penh governor Kep Chuktema in the trading room of the CSX, located in the Canadia Tower, to conduct the pretent session of buying and selling of would be stocks of three state-owned enterprises that are earmarked to go public some time this year.

   “The postponement of trading has not been a waste of time,” Mr. Chhon told reporters who attended the event. “The previous delays didn’t occur due to incapability or lack of commitment to do it, but factors that required us to be better prepared ahead of the launch.” the minister also admitted, however, that he was still uncertain when the stock exchange would actually begin working.

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