The Phousy Construction and Development Public Company (PCD) is the first company to have registered on the Lao Securities Exchange (LSX) this year and the sixth company to trade shares on the Lao stock market.
The ceremony was attended by Deputy Minister of Industry and Commerce, Mr Bounmy Manivong; General Secretary of the Lao Securities Commission Organization (LSCO), Ms Saysamone Chanthachack; LSX’s Executive Board, Mr Phetsathaphone Keovongvichith, Lao Securities Exchange CEO, Mr Vanhkham Voravong; CEO of APM (LAO) Securities Co., Ltd. (APMLAO), Mr Somphob Sakpunpanom; and representatives from relevant sectors, partners and domestic and foreign business operators.
PCD is one of the leaders in Laos operating a full range of construction services (design and EPC). PCD specialises in infrastructure construction such as roads and bridges, landslide blocks and other facilities. The company’s first trading day took place at the LSX in Vientiane yesterday with a closing price of 1,350 kip a share, up from PCD’s Initial Public Offering (IPO) of 1,200 kip.