PPAP is an international container port operator in Cambodia. PPAP is both the largest river port operator and port authority within the Phnom Penh Port’s Commercial Zone as stipulated in Anukret No. 01 ANK.BK dated on 5th January 2009. The Phnom Penh Port’s Commercial Zone is 166 km long, stretching from Thbong Khmom Province to Neak Loeung. (PPAP has the exclusive right as the port operator within the Phnom Penh Port’s Commercial Zone by the Notification Letter No.600 from Office of Council of Ministers dated 23rd April 2015.) Currently, PPAP operates four main terminals within the Phnom Penh Port’s Commercial Zone: 1-Container Terminal (LM17), 2-Multi-purpose Terminal (TS3), 3-Passenger and Tourist Terminal (TS1), 4-Tonle Bet Terminal (UM2). PPAP also operates Inland Container Depot (ICD) to facilitate the storing of containers. PPAP’s main businesses are berthing service, handling of containers and general cargoes, storage service, stuffing/un-stuffing and so on.

As of 31st December 2014, PPAP has the total asset of USD 151.81 million, total equity of USD 119.47 million, total revenue of USD 13.29 million, the total cost of service of USD 5.31 million, total general administration and selling expense of USD 4.19 million and net profit of USD 2.15 million. Total revenue of PPAP doubled over the last four years at a CAGR of 21.21% from USD 6.16 million in 2010 to USD 13.29 million in 2014.

In accordance with the Articles of Incorporation, PPAP has the initial capital of USD 110,316,612, which consists of 16,547,492 Class B Voting shares and 93,769,120 of Class C Non-voting shares. Each class of share has the par value of KHR 4,000 per share. The total value of Class B Voting shares is USD 16,547,492, and the total value of Class C Non-voting shares is USD 93,769,120.

PPAP will issue Class A Voting shares of 4,136,873 which has a price range between KHR 4,405 (USD 1.08) to KHR 6,320 (USD 1.55).