PHNOM PENH: On Tuesday, August 01, 2023, Innovation and Development Investors Association “IDI” led by Dr. Hor Sereyvath, Chairman of the Board of Directors of IDI and ID Capital Plc. “IDC” has signed a Memorandum of Understanding with Royal Group Securities Plc., “RGS” led by Mr. Seng Chan Thoeun, Chief Executive Officer and colleagues.

Through this Memorandum of Understanding, the two institutions aim to collaborate closely to achieve the common goals of

(1) To extend support on capital or funding need via IPO, Bond Issuance, and Private Funding for IDI members, business partners, and related parties.

(2) To establish a channel for information exchanges with regards to the needs of financial services by IDI members and the support via capital market by RGS.

(3) To jointly provide education programs, training programs, study tours,s, etc. to both RGS's employees and IDI members.

(4) To collaborate and initiate co-join marketing activities with the aim of improving the parties' brand awareness.

RGS is one of the leading securities firms in Cambodia that is pioneering in capital raising and financial advisory businesses with regard to IPO, Bond Issuance, and M&A.