Sihanoukville port delays IPO again

Sihanoukville port delays IPO again

The stalled efforts by Cambodia’s largest port to get an IPO out the way have suffered another setback.

Sihanoukville Autonomous Port says it will now look to list in February next year, having earlier earmarked this year for the IPO. The port has cited land title and taxation issues for the latest delay.

Cargo throughput at the port reached 2m tonnes in the first half of 2016, an 8% year-on-year increase.

The port has been talking about listing for a long time, with three failed attempts in the last four years.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts