KPL
(KPL) The Lao Securities Exchange (LSX) plans to list more than 25 companies nationwide by 2020 to ensure that they have financial liquidity thus contributing to socio-economic development, according to its CEO, Mr Vanhkham Voravong.
Mr Vanhkham told a seminar in Vientiane on Monday that the hydropower, energy and service industries are the most likely to be listed on the LSX.
Two companies are expected to be listed on the LSX by the end of this year and include Sitthi Logistics Lao Co., and Souvanny Trading Import-Export Sole Co Ltd.
Singkham
(KPL) The Lao Securities Exchange (LSX) plans to list more than 25 companies nationwide by 2020 to ensure that they have financial liquidity thus contributing to socio-economic development, according to its CEO, Mr Vanhkham Voravong.
Mr Vanhkham told a seminar in Vientiane on Monday that the hydropower, energy and service industries are the most likely to be listed on the LSX.
Two companies are expected to be listed on the LSX by the end of this year and include Sitthi Logistics Lao Co., and Souvanny Trading Import-Export Sole Co Ltd.
Both companies are currently in the process of preparing documents and are expected to begin selling shares on the LSX by the end of this year.
Sitthi Logistics Lao Co. and Souvanny Trading Import-Export Sole Co Ltd. have signed an agreement with the APM (Lao) Security Co., Ltd to hire them as their financial consultants to facilitate their structural improvement and registration with the LSX.
“The target of getting 25 companies registered by 2020 is a challenge for LSX, but is possible through close cooperation and coordination with relevant sectors both domestic and overseas,” Mr Vanhkham explained.
The Lao Securities Exchange has signed agreements with securities exchanges in the region in order to exchange lessons, experience and cooperation for capital market development.
KPL
