The Cambodia Securities Exchange (CSX) announced on Thursday that it has granted approval in principle to two local companies to list on its bourse.

The two firms are Mengly J. Quach Education PLC and solar power supplier Green Sustainable Ventures (Cambodia) Co., Ltd., the CSX said in a statement, adding that the first firm will list its equity securities and the second one will list its green bonds.

"In order to be officially listed and have their securities traded on the CSX, both companies shall get approval on public offering from the Securities and Exchange Regulator of Cambodia and meet further listing requirements of the CSX," the statement said.

Mengly J. Quach Education PLC is the 10th company that received approval in principle on equity securities listing, while Green Sustainable Ventures (Cambodia) Co., Ltd. is the 10th bond listing company that received approval on bond listing, the statement added.

Incorporated in 2012, Mengly J. Quach Education PLC's main business is educational services and currently has 15 campuses with over 20,000 students, while Green Sustainable Ventures (Cambodia) Co., Ltd. was established in 2019 with its main business in generating electricity using solar power of 20 megawatts, it said.

Launched trading in 2012, the CSX is a joint venture between the Cambodian government holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent.

CSX CEO Hong Sok Hour said some 36,000 investors have opened their trading accounts on the bourse so far.