ACLEDA Bank - ACLEDA Shareholder Association (ASA)

ACLEDA Shareholder Association (ASA)

ASA is a holding company through which the employees of ACLEDA and certain other investors can participate in the long‐term growth and value appreciation of ACLEDA. ASA holds as its principal asset 21,502,216 shares of ACLEDA, which represents 19% of the bank's issued shares. On March 1, 2010, the Leopard Cambodia Fund, Cambodia's first private equity fund operated by frontier markets private equity firm Leopard Capital, in partnership with two other foreign investors acquired a 7.72% stake in ASA, Plc.