ABC Radio Australia
23/01/2008
Cambodia has signed an agreement with representatives from South Korea's stock exchange operator to establish Cambodia's first stock market in 2009.
The memorandum of understanding makes formal a planned joint venture between Cambodia and the Korea Exchange, or KRX, which is Asia's fourth-largest bourse operator.
The Cambodian government will own a 51 per cent share in the new exchange, with KRX holding 49 per cent.
While still one of the world's poorest countries, Cambodia has emerged from decades of conflict as one of the region's rising economies.
It has posted annual economic growth averaging 11 per cent over the past three years on the back of strong garment and tourism sectors.
23/01/2008
Cambodia has signed an agreement with representatives from South Korea's stock exchange operator to establish Cambodia's first stock market in 2009.
The memorandum of understanding makes formal a planned joint venture between Cambodia and the Korea Exchange, or KRX, which is Asia's fourth-largest bourse operator.
The Cambodian government will own a 51 per cent share in the new exchange, with KRX holding 49 per cent.
While still one of the world's poorest countries, Cambodia has emerged from decades of conflict as one of the region's rising economies.
It has posted annual economic growth averaging 11 per cent over the past three years on the back of strong garment and tourism sectors.
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