CAMBODIA'S PUBLIC AUCTION HOUSE

Investment Cambodia Venture Capitalists (“ICVC”) invested in Cambodian Auctions(“CamAuction”), a company based in Phnom Penh, Cambodia.

Written by John Sylvestor; Design by Michell Hogeveen          AUG. 30, 2015

CAMBODIAN AUCTIONS ICVC PRESS RELEASES

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ICVC PRESS RELEASES | CAMBODIA'S PUBLIC AUCTION HOUSE
Investment Cambodia Venture Capitalists (“ICVC”) invested in Cambodian Auctions (“CamAuction”), a company based in Phnom Penh, Cambodia. ICVC announced today that it has successfully exited its entire investment in CamAuctions to its founding shareholders, a transaction which realised an undisclosed profit for the company. CamAuction manages the process of offering a wide array of goods, including antiques, collectibles, household good, books and much more by offering them up for bid, acquiring bids and then selling the item to the highest bidder. The auction house offers great value and was established to provide the very first physical auction in the marketplace, attracting buyers and sellers from all over the region. ICVC provided CamAuction with venture financing and operational support, enabling the company to complete its construction and refine its business plan. Barry Wilson, CEO of ICVC, commented: “Investment Cambodia Venture Capitalists is delighted to have helped create a public state-of-the-art auction house in Phnom Penh, Cambodia. CamAuction is now fully operational and the company is primed to become highly successful as the only player in the local market. Having supported CamAuction from a concept to launch, we have now returned ownership to its founders and will divert the proceeds from the sales into other encouraging businesses ventures in the capital.” Lots for sales by CamAuction is carried out by public auction every Saturday at 11am and includes antiques and artefacts, household items and electrical goods, bankrupt stock, pledged and pawned goods, probate and imported wares. All items can be collected and insured and the company also provides a free auction valuation service. About Investment Cambodia Venture Capitalists Investment Cambodia Venture Capitalists manages investment funds in frontier markets and is heavily involved in establishing new businesses in Cambodia’s capital, Phnom Penh. The company was founded to provide investment capital to businesses in this emerging market.
For Enquiries
Mail* info@investmentcambodia.net
Direct* +855 16 811 711
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LOCATION INITIAL DIRECT
VENTURE CAPITAL
Corner of street 154 & street 15
Phsar Kandal, Daun Penh
Phnom Penh, Cambodia Mail* info@investmentcambodia.net
Direct* +855 23 214 022, +855 16 811 711