China Monitors Shooting Incident Involving Former U.S. President Trump | Cambodian Prime Minister Dismisses Rumors of Foreign Electric Taxi Operations | ITC02 Triumphs at Cambodia Robocon 2024, Set to Represent Nation in Vietnam | Senate President Hun Sen Escorts King in Banquet for Vietnamese President | BYD Asia Pacific to Establish Electric Vehicle Assembly Plant in Cambodia |

S.E.R.C Reports: 90% Recovery of CIC Assets

Phnom Penh, March 25, 2024 – The Securities and Exchange Regulator of Cambodia (S.E.R.C) announced today that Cambodia Investment Capital Partnership (CIC Partner) has successfully retrieved approximately 90% of its assets through a series of strategic interventions. The regulator also emphasized the importance of implementing legal measures to safeguard the interests of genuine investors.

In a press release issued on March 25, 2024, S.E.R.C highlighted the progress made in restoring CIC Partner's assets and ensuring investor protection. The Commission for the Restoration of Companies and Funds has been diligently overseeing this process under the supervision of S.E.R.C.

"S.E.R.C remains steadfast in its commitment to uphold the principles of transparency and accountability in the securities sector," stated the regulator. "We are dedicated to maximizing investor interests and will continue to review and enforce relevant laws and regulations."

Addressing concerns about the regulatory environment, S.E.R.C reassured stakeholders that regulatory frameworks would be rigorously upheld, even in challenging circumstances such as those encountered by CIC Partner.

Investors with inquiries regarding the CIC Partner case are encouraged to contact S.E.R.C directly. The regulator's office is situated at the Non-Banking Financial Services Authority building in Phnom Penh. Alternatively, individuals can reach out by calling 023 885 611 or 098 308 333.

Related News