Economics
Cambodia’s Growth May Lure Samsung Asset to Newest Stock
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Phnom Penh Water Supply Authority surged 48 percent on its first day of trading on the Cambodian exchange, which opened today as the government seeks to lure foreign capital by selling shares in state-run companies.
The bourse’s only stock rose to 9,300 riel ($2.33) with volume of 879,426 shares, according to data on the exchange’s website. The utility sold shares at 6,300 riel in an initial public offering, according to the exchange.