ACLEDA Bank Plc, the largest commercial bank in Cambodia, has completed its subscription process on Friday, 24th April 2020. The subscription result has been approved by the SECC on 30th April 2020.
On March, Acleda Bank set its IPO price of $4.05 (16,200 KHR) per share for investors. The Book-building process was completed on March 14, 2020.
Dr. In Channy, President & Group Managing Director of ACLEDA Bank Plc., said that although the impact of COVID-19 is being felt throughout the globe, 2,497 investors have participated in the subscription, spending their valuable time and hard-earned money to invest in ACLEDA Bank Plc.
This active participation is due to the public trust in the Bank’s strong performance and financial position as well as our leading position in the Cambodian banking sector, Dr Channy added.
“We highly appreciate the support and would like to thank all our customers and investors who have invested in the ACLEDA Bank’s monumental IPO.” he added.
Dr Channy continued that “ACLEDA Bank Plc. will formally list its shares on the Cambodia Securities Exchange (“CSX”) in May 2020.
Once the listing is complete, ACLEDA Bank will become the first commercial bank to be publically traded in Cambodia.”
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.