Bangkok: Sihanoukville Autonomous Port (SAP) is gearing up for an IPO. The port, which handles nearly two thirds of Cambodia’s sea traffic, has seen an average annual revenue growth rate of 10% since 2012.
The port is now preparing its IPO documents for submission to the Securities and Exchange Commission of Cambodia by mid 2015.
Last year the port handled 3.4m tonnes, up 14% year-on-year.
Money raised from the IPO will largely go on new infrastructure, something that is clearly in need.
Cambodia’s logistics performance and supply-chain efficiency has declined of late, a study shows.
Global supply chain firm Agility has just released its Emerging Markets Logistics Index 2015 (EMLI). Cambodia fell three places on the index to 44th position out of 45 countries – better than only Uganda. [21/01/15]
