November 2, 2010
Reuters
PHNOM PENH - Cambodia has granted licences to 15 securities firms to operate on its stock market, which is due to open next year, the country's securities and exchange commission said on Tuesday.
Fifteen of 22 applicants were given the green light to operate on the new bourse, the Cambodia Securities Exchange (CSX). There were seven underwriters, four brokers, two investment advisers and two dealers.
'This clearly reflects the strong willingness of the government to put the securities market into operation,' Finance Minister Keat Chhon, who is also chairman of the commission, said during a ceremony to award the licences.
Most of the 15 are either partly or wholly owned by Malaysian, Vietnamese, Japanese, South Korean or US companies.
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