SSEZ Unveils Stock Market Listing Plan
AKP Phnom Penh, November 19, 2020 --
Sihanoukville Special Economy Zone Co., Ltd. (SSEZ) has unveiled its plan of listing the firm in Cambodia stock exchange, aiming to raise more funds to expand operation, as more foreign enterprises have built their factories in the zone.
The plan was made known in a recent meeting here between H.E. Hor Namhong, Deputy Prime Minister, and Mr. Chen Jiangang, Chairman of the Board of SSEZ, according to the firm's statement.
In the meeting, Mr. Chen asked H.E. Hor Namhong to support the development of SSEZ, especially in its listing on the Cambodian Securities Exchange.
For his part, the Cambodian DPM praised the SSEZ for zero infection of COVID-19 in the zone, and voiced his support for the listing of SSEZ.
Mr. Chen also shared his attribution to the freshly-signed free trade agreement between Cambodia and China.
The signature of China-Cambodia FTA Agreement and Regional Comprehensive Economic Partnership Agreement could bring new opportunities for the development of SSEZ, he said.
“In next step, SSEZ will further give play to its platform advantages, not only propel the industrial development in Cambodia and create jobs, but also will push the agricultural products in Cambodia to enter into Chinese market, and more importantly, will contribute to the exchanges on economy, trade, humanity and culture between China and Cambodia,” he said.
H.E. Hor Namhong also mentioned that the global economy had been greatly affected by the COVID-19 pandemic this year, but the pandemic in Cambodia is now under control and the economy is developing steadily.
He hoped that SSEZ could lead all enterprises to persist in operation during this crisis, seize closely the development opportunities by giving full play to its role as the platform, and further deepen the trade between Cambodia and countries and regions including China, the United States and Europe, and boost the bilateral trade volume to break through ten billion U.S. dollars in bilateral trade between China and Cambodia in 2023, the statement underlined.
Starting operation in 2012, the Sihanoukville Port Special Economic Zone (SPSEZ) is situated adjacent to the Sihanoukville Autonomous Port, about 230 kilometres southwest of Phnom Penh, the capital of Cambodia.
By Chea Vannak