The Sihanoukville Autonomous Port (PAS) has strengthened its effort to expedite preparations for its listing on the Cambodian bourse.
“We feel very close to completion, and we think the listing will not be far away,” said Lou Kim Chhun, chief executive of the port. He, however, did not give an exact date.
The wholly government-owned company is one of the two businesses planning to list on the Cambodian Securities Exchange (CSX) this year, together with Telecom Cambodia.
The Phnom Penh Water Supply Authority (PPWSA) listed on the CSX in April.
Lou expressed his confidence in the decision of the government to list the port, saying the decision has been studied carefully.
To start with, PAS would list 15 percent of its stock and would look at the situation carefully prior to any further listing, said Lou.
Around of 60 percent of the Kingdom’s imports and exports go through PAS, while 40 percent depart or arrive from Phnom Penh or other private ports, he said. Vietnamese ports would become Sihanoukville’s key competitors, he added.
Majority of imports passing through PAS come from China, most of which are machinery, textiles and construction materials.