Friday, June 2, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

OBOR, venture capital firm in Cambodia, received a fund management licence from the Securities Exchange Commission of Cambodia

September 5, 2020
in Business, Cambodia, National
0
OBOR, venture capital firm in Cambodia, received a fund management licence from the Securities Exchange Commission of Cambodia
0
SHARES
57
VIEWS
Share on FacebookShare on Twitter

Venture capital firm and fund manager OBOR Management has announced it has received a fund management licence from the Securities Exchange Commission of Cambodia (SECC).

The licence was awarded on July 21, but only formally announced this week, after the organisation was given in-principal approval in August last year and since then has been working with the SECC to complete all requirements.

The licence is one of several the SECC has begun issuing since mid-2018 that allow private individuals or entities to act as fund managers in collective investment schemes (CISs).  Only those with licences can raise funds and invest them on behalf of individuals.

OBOR Management Chairperson Christophe Forsinetti said: “We are honoured to have received the fund management licence from the SECC.

“The licence will give investors confidence and allow us to mobilise significantly more investment to Cambodian SMEs [small and medium enterprises]. In addition, investment vehicles allowed under the licence will expand financing strategies for SMEs and startups beyond bank and microfinance institution (MFI) loans, while allowing local investors to diversify investments into new asset classes previously limited to real estate purchases and bank deposits. We are looking forward to establishing our first Cambodian SME Fund.”

Director General of the SECC Sou Socheat said: “All applicants are vetted carefully, and must show proof of solid capital, strong human resources, reliable digital infrastructure, a willingness to be transparent and a track record of scaling local businesses toward greater profitability and sustainability.”

“It’s great to see more companies working with the SECC and contributing to the establishment of a solid, regulated environment for investors and Cambodian companies. Cambodia has proven that it has a lot of potential and, with better regulation, we will now achieve scale. We will work closely with the fund management companies such as OBOR Management to facilitate more investment in Cambodia.”

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaCommission of CambodiaExchange Commission of CambodiaOBORSecurities Exchange Commission of Cambodiaventure capital firm in Cambodia
Previous Post

Phuket to reopen on Oct 1 for long-stay tourists

Next Post

Thai Airways opens diner for customers craving in-flights meals

Related Posts

Chinese tiremakers bet on recovery via new plants in Cambodia

Chinese tiremakers bet on recovery via new plants in Cambodia

by Khmer Times
May 30, 2023
0
2

Manufacturers in China, the world’s largest producer and exporter of tires, are building factories abroad in an optimistic mindset to...

Cambodia Mekong River cruise business ‘slowly’ getting back on track

Cambodia Mekong River cruise business ‘slowly’ getting back on track

by Khmer Times
May 30, 2023
0
0

Mekong River cruise business is getting back on track, but at a slow pace, according to a prominent player in...

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

by Khmer Times
May 30, 2023
0
3

South Korean eco-friendly electric two-wheel vehicle supplier Verywords Co Ltd inaugurated its plant to assemble electric scooters in Kandal province,...

Most Popular

2 Chinese tourists’ naked bodies found in Bali hotel

2 Chinese tourists’ naked bodies found in Bali hotel

May 6, 2023
221
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k
Harry takes a seat at coronation, but no balcony appearance

Harry takes a seat at coronation, but no balcony appearance

May 8, 2023
6
Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

May 19, 2023
5
Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

April 27, 2023
5
Upside down flags: SEA Games organiser apologises for gaffe in opening ceremony

Upside down flags: SEA Games organiser apologises for gaffe in opening ceremony

May 8, 2023
4

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!