Cambodia Securities Exchange (CSX) will partner with the Stock Exchange of Thailand (SET) to bolster technical knowledge and potential investment into Cambodia’s nascent stock market, reported the Phnom Penh Post.
An agreement between the two financial institutions was signed in Phnom Penh on Monday at the CSX office, a deal that will see the SET provide training courses for CSX staff as well as information sharing between the two exchanges, according to Lamun Soleil, deputy director of market operations department at the CSX.
“Thailand is a country where the capital market is very developed and also a place where many international companies gather,” he said. He said the memorandum of understanding will create a chance to strengthen networking and can attract investors in Thailand to invest in the CSX.
Svay Hay, president and CEO of Acleda Securities, welcomed the bilateral agreement he said would hopefully open the way for multilateral cooperation with other countries, especially within the region. Cambodia’s bourse is counting down the days to its newest listing, with garment factory Grand Twins International (GTI) expected to go public at the end of this month.