PHNOM PENH, Sept. 7 (Xinhua) -- The Cambodia Securities Exchange (CSX) on Wednesday granted approval in principle to the Royal Railway Plc. to list its bond, the bourse said in a press statement.
"In order to be officially listed and have its securities traded on the CSX, Royal Railway must get approval from the Securities and Exchange Regulator of Cambodia (SERC) and meet further listing requirements of the CSX," the statement said.
The Royal Railway is the first bond-listing company that received approval in principle on listing from the CSX in 2022, according to the statement.
Established in 2015 and with a concessional agreement from the Cambodian government with support from the Asian Development Bank, the Royal Railway is the only company that provides rail transport services, including rail freight transportation and passenger train.
Currently, the company operates two railway lines with a total length of 650 km, the statement said, adding that the first line connects capital Phnom Penh and Sihanoukville, and the second one links Phnom Penh and Poipet City.
Launched trading in 2012, the CSX is a joint venture between the Cambodian government holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent.
CSX's chief executive officer Hong Sok Hour said the CSX has so far received a total of 16 listed companies, including nine equity firms and seven corporate bond firms, collecting a total capital of more than 280 million U.S. dollars.
