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BCEL-KT officially opens to highlight success
BCEL-KT held an opening ceremony after two months in business, highlighting its success in bringing EDL-Gen onto the market and boosting customer confidence.
The opening ceremony was held in Vientiane on Saturday, with the participation of BCEL-KT company officials, investors and representatives from other companies.
“The first two months of our business operation have been a complete success,” announced deputy managing director of BCEL-KT Securities Company Limited, Mr. Hinphet Chanthalangsy.
“We helped Electricite du Laos Generation to list in the Lao securities market and were successful in helping the company generate funds through an IPO sale.”
“We have gained the confidence of investors who bought and sold shares in two new listed companies through BCEL-KT.”
BCEL-KT now has 4,000 clients who trade shares in the new Lao securities market.
“The consultation service for investors might not have many takers at this time as there are not many companies listed on the market yet, but as the number grows our consultation service for investors will become renowned.”
Mr. Hinphet said the company is full of knowledgeable staff able to provide this service to its clients.
He added that BCEL-KT is currently consulting with another company in a bid to have it listed on the market.
“We cannot reveal its name, but in the third or fourth quarter we expect to have one more company listed on the market through our company,” said Mr Hinphet.
BCEL-KT Securities Company Limited is a joint venture between Banque pour le Commerce Exterieur Lao, which holds 70 percent, and KT Zmico of Thailand, which holds 30 percent.
At present, two state enterprises, EDL Generation (EDL-Gen) and BCEL bank (BCEL), are listed on the Lao securities exchange (LSX). Their shares are sold via only two brokers, Lane Xang Securities Public Company and BCEL-KT Securities Company Limited.
Work on the Lao stock market building started in 2007, and is a cooperation between the Lao government with a 51 percent share and a Korean company who holds the remaining 49 percent. The building was officially opened in October last year, with stock market trading beginning in January of this year.
vientiane times
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