| English.news.cn 2014-04-18 18:36:31 |
 
 
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PHNOM PENH, April 18 (Xinhua) -- Grand Twins International (
Cambodia) Co. Ltd., Phnom Penh-based garment maker for U.S. athletic
brands, announced Friday that it would delay its listing on the Cambodia
Securities Exchange (CSX) by three weeks due to a hold-up in getting
regulatory approval.
The company's original listing plan is expected on May 8, but now it sets for listing on May 29, according to its statement.
"Grand Twins International has completed the book building process successfully and is scheduled to announce the result on April 11, but the announcement of the result cannot be made as expected because permission from the Securities and Exchange Commission of Cambodia is required," the statement said.
The firm said it will announce its investors on April 24 and its share subscribers on May 23.
Grand Twins International, if successfully listed, will be the second company to go public on the fledgling stock market since the first initial public offering (IPO) of the state-owned Phnom Penh Water Supply Authority in April 2012.
Stanley Shen, spokesman for Grand Twins International, which produces clothes for Adidas and Reebok, said last month that the company would sell 8 million shares, or 20 percent of the firm's total 40 million shares, with an initial share price between 1.85 U.S. dollars and 3.5 U.S. dollars.
The company's original listing plan is expected on May 8, but now it sets for listing on May 29, according to its statement.
"Grand Twins International has completed the book building process successfully and is scheduled to announce the result on April 11, but the announcement of the result cannot be made as expected because permission from the Securities and Exchange Commission of Cambodia is required," the statement said.
The firm said it will announce its investors on April 24 and its share subscribers on May 23.
Grand Twins International, if successfully listed, will be the second company to go public on the fledgling stock market since the first initial public offering (IPO) of the state-owned Phnom Penh Water Supply Authority in April 2012.
Stanley Shen, spokesman for Grand Twins International, which produces clothes for Adidas and Reebok, said last month that the company would sell 8 million shares, or 20 percent of the firm's total 40 million shares, with an initial share price between 1.85 U.S. dollars and 3.5 U.S. dollars.
Editor:
chengyang
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