Southeast Asia Energy Ltd, a Thai-owned hydropower project in Laos, is preparing to list on the Stock Exchange of Thailand later this year, media reports said Monday.
Ch Karnchang, a Thai construction firm that owns the plant, is seeking a financial adviser for helping with the listing, which would become the first such cross-border listing of a company from Indochina on the Thai bourse, The Nation newspaper reported.
The company needs funding to complete the Nam Ngum II hydropower plant. The plant on the Nam Ngum River, a major tributary of the Mekong, is to generate 615 megawatts of electricity to be sold to Thailand, dpa reported.
The Bangkok bourse has a target to attract at least 40 firms from Indochina - Cambodia, Laos and Vietnam.
Cambodia and Laos are in the process of setting up their own stock markets. Vietnam already has one.