13 March 2014
Taiwanese garment manufacturer Grand Twins International says it will officially list and start trading on the Cambodia Stock Exchange (CSX) on May 8 after spending several weeks whipping up interest from local investors, whose appetite remains on the low side so far. Now, the tentative buy-in price, which is expected to be confirmed by March 28, ranges from $1.85 to $3.50 per share. In total, the shares for sale will equate to a 20% chunk of the company. The firm starts rallying buyer interest today with a presentation at Phnom Penh’s Sofitel.
Grand Twins International employs 5,600 people at its factory in Por Sen Chey district, where 65 different production lines made up of 3,450 sewing machines produce apparel for sporting goods giants Adidas and Reebok, among others.
Source:
http://www.phnompenhpost.com/business/grand-twins-sets-listing-date
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