PHNOM PENH: Neak Oknha Kith Meng, Chairman of the Royal Group announced yesterday that Over 9 million shares were subscribed to by investors, as approved by the Securities and Exchange Regulator of Cambodia (SERC).
IPO proceeds will be used to expand network coverage, enhance service quality, develop innovative solutions, and prepare for 5G. Shareholders can conveniently trade shares through the CSX App’s Mobile Trading System (MTS). Our shareholders are eligible for a 7% annual dividend for five years.
Royal Group’s Cellcard, Cambodia’s only locally owned telecommunications operator, has successfully completed its IPO and listed its Class A common stock on the Cambodia Securities Exchange (CSX) as of June 27, 2023. This is a significant milestone for both Cellcard and Cambodia’s capital market.
The ceremony was held under the presidency of H.E. Dr. Hean Sahib, Minister Delegate to the Prime Minister, Secretary of State of the Ministry of Economy and Finance and Chairman of the Board of Directors of the Cambodia Securities Exchange, H.E. Sou Socheat, Director-General of the Securities and Exchange Regulator of Cambodia (SERC), H.E. Hong Sok Hour, Royal Government Delegate in charge of the Director General of the Cambodia Securities Exchange, Royal Group Management Team and other distinguished guests.
Neak Oknha express a warm welcome to all new Cellcard shareholders!
Neak Oknha stated: I am grateful for your trust and confidence in our vision and strategy. This marks a fresh start for Cellcard as we enter a phase of innovation and expansion. We have a well-defined roadmap to accomplish our objectives and bring value to our esteemed customers, partners, and stakeholders.
Cellcard has been a key player in Cambodia’s development, providing reliable and affordable communication services for 26 years. We look forward to contributing to Cambodia’s future growth.
