Japanese aid organisation buys stake in Cambodian port
The Japan International Cooperation Agency (JICA) has acquired a 13.5% equity stake in the Port Authority of Sihanoukville (PAS), Cambodia.
The Japanese aid organisation, which has supported the country’s only deep-water seaport since 1999, bought the stake following the listing of PAS on the Cambodia Securities Exchange.
The funds obtained via the initial public offering will be used to increase the port’s current 500,000 teu capacity thanks to investments in new cranes and the construction of off-dock yard infrastructure.
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