Cambodia Investment Review
Cambodian telecommunications giant, Cellcard, has recently embarked on an IPO roadshow in several major Cambodia cities, and abroad in Taiwan and Hong Kong.
The local roadshows which commenced in early May in Cambodia’s coastal city of Sihanoukville, has continued through the cities of Phnom Penh, Battambang and Siem Reap, registering hundreds of new Cellcard shareholders.
The roadshows will end this Saturday with the last IPO briefing and subscription event on 27th May, 9AM-12PM at the Hotel Cambodiana, Phnom Penh.
Led by Cellcard’s senior management team and Cellcard’s IPO underwriter SBI Royal Securities Plc. (SBIR), the IPO is considered Cambodia’s biggest and presents an unprecedented annual dividend yield guarantee of 7%.
Great opportunities for investors
Cellcard’s CEO, Simon Perkins, says “The roadshow has been a great opportunity to showcase Cellcard’s strong financial and operational performance, future growth plans, and our investment offer, which includes a guaranteed annual dividend of 7%, providing investors with a stable income stream and long-term financial security.”
Read more: Cellcard describes IPO as ‘biggest opportunity for investors in Cambodia’
Cellcard’s IPO has also received interests abroad. The roadshow attracted over forty investors in Taiwan for a briefing held at the Okura Prestige hotel in Taipei, generating a lot of interest and excitement in the Taiwanese financial market.
In Hong Kong, an IPO briefing was conducted across three investment firms at Cinda International Asset Management Ltd. in the Cosco Tower. Hong Kong investors expressed their keen interest in investing in Cambodia’s telecommunications sector, seeing the potential of Cambodia as a frontier market.
Offering limited Cellcard shares
“The Cellcard IPO roadshow has been a major success, with many investors expressing interest in purchasing shares in the company. The company has been offering limited shares at the cost of 0.57 USD or KHR 2,270, but as the offer ends soon, interested parties are encouraged to act fast in order to secure their investment in the company,” SBIR CEO, Seng Chan Thoeun
The events in Cambodia were graced by high level government officials and actors, including H.E. Hong Sok Hour, Royal Government Delegate in Charge as CEO of Cambodia Securities Exchange (CSX), H.E. SOU Socheat, Delegate of the Royal Government in Charge as Director General of Securities and Exchange Regulator of Cambodia (SERC), Mr. Kenji Nakanishi, Executive Director of SBI Royal Securities Plc. on the Information and Investment on Initial Public Offering (IPO) of CAMGSM Plc. (Cellcard), Mrs. Kim Sophanita, Director of Securities Market Operation of Cambodia Securities Exchange (CSX) on Stock Investment, and Cellcard CEO Mr. Simon Perkins, as well as members of the Cellcard’s Senior Management Teams.