Cambodia’s largest bank wins IPO approval
Acleda Bank, Cambodia’s largest bank by total assets, has got the greenlight from the country’s central bank to hold a public offering.
The Cambodia Securities Exchange only has five listed companies, three of which are state-owned enterprises. Acleda will be the first commercial bank to float on the bourse.
The National Bank of Cambodia approved the listing on November 26, according to an announcement by Acleda on Monday.“We just received ...