Sihanoukville port IPO rescheduled
The state operator of Sihanoukville’s deep-sea port has pushed back the expected date of its initial public offering to February 2017 in order to give the company more time to resolve land titling and taxation issues, a company official said on August 11. Ty Sakun, head of the IPO team for Sihanoukville Autonomous Port, said the company decided to delay the share offering after a meeting with Finance Minister Aun Pornmoniroth earlier this week to request help in resolving the remaining hurdles for going public. Lamun Soleil, director of the CSX’s market operation department, said the port operator had delayed its IPO many times already, but a push and support from the Finance Ministry should speed up its timeline for listing.
