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Leading school operator listed on Cambodia's stock market

PHNOM PENH, June 28 (Xinhua) -- Private school operator Mengly J. Quach Education Plc. made its debut on the Cambodia Securities Exchange (CSX) on Wednesday after an initial public offering (IPO) raised some 5 million U.S. dollars.

Mengly J. Quach Education Plc., one of the leading private school operators in the Southeast Asian nation, became the 11th equity-listed firm that issued its IPO on the kingdom's bourse.

The company issued 9,966,127 shares, in which a share cost 2,080 riels (0.5 U.S. dollar), according to the firm's data filed to CSX. The proceeds from the IPO amounted to 5 million dollars.

"Currently, we have 16 campuses, with more than 20,000 students," Mengly J. Quach, chairman and chief executive officer of Mengly J. Quach Education Plc., said. "The proceeds from the IPO will be used to establish more campuses."

He said some 2,297 investors had purchased the firm's IPO shares.

CSX Chief Executive Officer Hong Sok Hour said that CSX has received a total of 20 listed companies, including 11 equity firms and nine corporate bond firms, collecting a total capital of 330 million dollars.

According to Sok Hour, to date, about 40,000 investors have opened trading accounts at CSX.

Launched trading in 2012, CSX is a joint venture between the Cambodian government holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent.