PHNOM PENH, Cambodia — The share price of Cambodia’s first listed private company, Taiwanese garment manufacturer Grand Twins International (GTI), fell by close to 5 percent at the close of its first day of trading on the Cambodia Securities Exchange (CSX) on Monday.
Following the majority state-owned Phnom Penh Water Supply Authority’s entry in April 2012, the long-awaited launch of Grand Twins — the CSX’s second initial public offering — opened Monday morning trading at 9,700 riel, or $2.41 at current exchange, and finished trading at 9,220 riel, or $2.29, at the market’s close at 1 pm.
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