CSX head urges use of private equity

12 Jul 2018  73 | Cambodia Travel News

Content image - Phnom Penh Post
Hong Sok Hour, CEO of the Cambodia Securities Exchange (CSX). Heng Chivoan

The head of the Cambodia Securities Exchange (CSX) on Wednesday urged businesses in the Kingdom to consider utilising private equity funds, saying it would help them grow faster and make it easier for them to list on the exchange in the future.

Speaking to reporters at a seminar on Wednesday called “Raising Money from Private Equity Funds”, CEO Hong Sok Hour said there are more investment funds available for Cambodian entrepreneurs and they should take advantage of the funds in order to expand their businesses.

According to Sok Hour, private equity firms are not just a source of money but have expert teams in place to give technical support and provide efficient business management advice.

“We have changed our strategy from just finding companies to list on our exchange to the creation of initiatives to support SMEs [small- and medium-sized enterprises] in our country to grow faster,” he said, adding that private equity funds will make for a clean financial record, making it easier to list on the bourse.

Over a hundred entrepreneurs attended the event and listened to guest speakers Kem Bora, a partner at private equity firm Mekong Strategic Partners, and Pech Bolene, founder and CEO of Westline Education Group, which has experience in receiving funds and support from private equity firms.

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