11 February 2023, Phnom Penh – Just today, Titan Stone Real Estate Group, a subsidiary of Titan Stone Holdings, signed a MOU with Cambodia Securities Plc. to officially launch the “Titan Stone Real Estate Listing and Bond Issuance Plan”. Titan Stone Holdings also announced the separation of its businesses into two major entities, Titan Stone Real Estate Group and Titan Stone Insurance Group.
The Listing and Bond Issuance Will Be Carried Out Simultaneously and Actively Participate in The Real Estate Market.
Titan Stone Real Estate Group, a subsidiary of Titan Stone Holdings, signed the “Memorandum of Understanding (MOU) with Cambodia Securities today on the Listing and Bond Issuance of Titan Stone Real Estate, and officially put the plan of Titan Stone Real Estate listing and the bond issuance at the Cambodia Securities Exchange (CSE) on schedule. It is hoped that through the listing and bond issuance of the company, Titan Stone Real Estate will have more energy to actively participate in the real estate market, provide more high-quality residences to meet the growing living needs of Cambodia. The public will also have the opportunity to participate in the growth and development of Titan Stone Real Estate in the public market and share future income results.
Highly Acclaimed Picasso Series Residences Meet The Huge Housing Needs.
According to data from the United Nations Development Program (UNDP), there is still a 58% gap in Cambodia’s housing needs. After the first Picasso-themed luxury residence, Picasso City Garden, in Asia, created a good reputation in the market, Titan Stone Real Estate continued to plan the new projects of the Picasso artistic style actively. In addition to launching new projects of Picasso series residences to meet the huge demand for “living” in Cambodia, Picasso Town will be planned at the same time. Picasso Town does not only provide quality and stylish residences, but also create a comfortable, safe, convenient and friendly living environment. With a deep commitment to the local area, Titan Stone Real Estate is determined to provide a better living environment for the people of Cambodia.
The Listing and SEZ Plan will Boost the Development of The Capital Market and National Economic Growth.
The Cambodian capital market is in its early stage with huge potential and growth space. By Titan Stone Real Estate listing and issuing bonds at the Cambodian Securities Exchange, Titan Stone Real Estate Group can not only accelerate the realization of the Group’s vision and provide the public with the opportunity to share the company’s achievements, but also help to expand the scale of the Cambodian stock market and become a force for promoting capital market development. In addition to focusing on the real estate and the capital market, Titan Stone Real Estate Group continues to work on Titan Stone Special Economic Zone project and use the international resources of its parent group, Titan Stone Holdings, to attract globally renowned leading companies and their complete supply chain manufacturers to settle in, create job opportunities, help transform and upgrade of the country’s industries, and assist the growth of the Cambodia economy.
There Are Specialized Businesses Of The Parent Company ,Titan Stone Holdings.
Over the years, Titan Stone Holdings has grown rapidly and expanded its businesses in Cambodia. In order to increase the depth and breadth of business operations and to make the business more specialized, Titan Stone Holdings has announced today that its business entities will be divided into two major groups, Titan Stone Real Estate Group and Titan Stone Insurance Group. Titan Stone Holdings looks forward to manage businesses or invest in new businesses in a more cost-effective and risk-controlled manner. All the business can also specialize and be independent and more focus on their own business. In addition to providing high-quality products and exquisite services to the public, the future development of various business entities is also more flexible and roomier.
Specialized Division Yields Triple Benefits and Cultivates Cambodia Together with the People
Darren Teng, the chairman of Titan Stone Real Estate Group, said: “through this specialized division, Titan Stone Holdings hopes that its two major groups will be able to focus more on their respective areas or business. Titan Stone Holdings itself will also be able to use its resources more effectively and find potential investment targets. In addition, one of the dreams of Titan Stone Real Estate Group is to realize in Cambodia is to create a high-quality living environment, to share the benefits with the people, and to be a catalyst for the economic and capital market development in Cambodia. The listing of Titan Stone Real Estate is the first arrow in achieving all these three dreams at the same time, and we hope to cultivate the country and create a wonderful future together with the people of Cambodia.”
Picasso II Boutique Residences Is Under Preparation
Teoh Seok Ai, General Manager of Titan Stone Real Estate Group, also said: “After the success of Picasso City Garden mansion project, our confidence and the idea of providing excellent housing for the public have strengthened. Titan Stone Real Estate has been working on the research of Picasso II, a new Picasso series of residential project. The project will focus on boutique residence and providing more people with the opportunity to enjoy the high standard of living in Picasso art residences. Titan Stone Real Estate will announce more information about Picasso II as soon as possible, so stay tuned.”
Creating a New Milestone to Look Forward for the Future
The signing of the MOU for the IPO and bond issuance plan of Titan Stone Real Estate is the beginning of the next milestone, the listing of Titan Stone Real Estate, for Titan Stone Real Estate Group. Through this project, Titan Stone Real Estate Group hopes to become a driving force for the development of the capital market at the Cambodian Securities Exchange and further connect to the financial market. This will give the public the opportunity to participate and share in the growth and success of the company and to form closer relationships and links with Cambodia. More importantly, everyone will work together for Cambodia and look forward to the better future together.
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About Titan Stone Holdings & Titan Stone Real Estate Group
As a professional financial holdings company, Titan Stone Holdings is founded in Hong Kong, 2003. Its services include investment and private banking and insurance fields, such as overseas real estate, life insurance, equity acquisitions, asset management, and personal financial plan, etc. The group is divided into the “Titan Stone Real Estate Group” and the “Titan Stone Insurance Group” based on business scope. With 19 years of excellent financial background and rich investment operating experience, Titan Stone Holdings provides enterprises and investors with the most insightful and leading investment opportunities with a unique vision that exceeds market expectations. Actively developing in Asia and providing comprehensive investment services to create a win-win situation for investors, local governments, and the public.
Titan Stone Real Estate Group is one of the two major groups under Titan Stone Holdings and is a professional real estate group specializing in real estate planning and development in Cambodia..
To learn more about Titan Stone Group and Titan Stone Real Estate Group, please visit http://www.titanstonegroup.com