Potential investors in Sihanoukville port, due to list on Cambodia’s bourse, have been warned off the idea by no less a figure than a former Cambodian Finance minister. Investors face risks because of weak financial and legal systems, Sam Rainsy said.
“Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” Mr Rainsy, a former fund manager, said in an interview with Bloomberg Businessweek.
“The country needs a much longer period of preparation in terms of company accounts and corporate governance. Investors risk paying for nothing,” Mr Rainsy added.
Cambodia’s stock exchange may open as early as April with the listing Sihanoukville port and two other currently state-run companies, a telecommunications operator and the capital’s water system.
