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Stock Exchange Commission Warn about Illegality of Bond Issuers

Written By vibykhmer on Friday, September 4, 2009 | 8:27 AM


Written by DAP NEWS
Friday, 04 September 2009

The Security and Exchange Commission of Cambodia (SECC) has informed publics about the illegal bonds which have advertised to sell shares, a statement from SECC obtained on Thursday said.

“We have found recently that some companies advertised on media by invitation of clients to buy bonds and security shares of their companies without permission from the SECC,” it said, adding that this activity has been opposed by Cambodian authorities. According to article 16 of the law of Publishing and Public Bond Exch ange, “any sale of the bonds or selling security share publicly in Cambodia needs to have permission in adva nce from SECC.” SECC manages and controls the bond and securities field in Cambodia. “We would like to inform general publics who is aiming at buying bonds and security share of any companies need to check clearly about the legitimacy of the publishing of bonds of those companies,” said an SECC statement.

Reports of wrongdoings should be made to the legal affairs department of the SECC at house 99, street 598, Sangkat Phnom Penh Thmei.

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