Third listed company postpones IPO on Myanmar’s Yangon Stock Exchange

YANGON, July 27 (Xinhua) — Myanmar Citizens Bank, the likely third listed company on Yangon Stock Exchange (YSX), would not start trading in July due to the bank’s unreadiness, U Thet Htun Oo, senior executive manager of YSX, told Xinhua Wednesday. The bank will hold the annual meeting with shareholders on July 30, then there […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]

Daiwa and ACE team up to provide security and technology for YSX

Japanese technology company Daiwa Securities Group will team up with the Myanmar- based ACE Date Systems in providing security and technological assistance to the nascent Yangon Stock Exchange (YSX), the exchange has announced. “Daiwa and ACE are collaborating to implement a security system for the exchange high-standard technology,” said U Thet Htun Oo, executive senior […]

KBZ launches Yangon stock exchange settlement system

Kanbawza Bank signed yesterday with the Yangon Stock Exchange (YSX) to run settlement and clearing operations for Myanmar’s first modern bourse. Last April the bank was chosen from among six local private banks who applied for the role to the Securities and Exchange Commission (SECM) of Myanmar. It will be responsible for delivering payments for […]

Yangon Stock Exchange to open amidst suspicion

Many analysts believe the Yangon Stock Exchange, which will be fully operational by March this year, is opening with unfair advantages and possible conflicts of interests. The Yangon Stock Exchange (YSX) automatically entered the US sanctions blacklist as the Myanmar Economic Bank, an entity already sanctioned by the US Treasury Department’s Office of Foreign Assets […]

Kanbawza Group eyes OTC market

Kanbawza Group is hoping to set up its own OTC market next year, with two of its entities already granted separate licences to operate as an underwriter and settlement bank for Yangon’s new stock exchange. The group is hoping to set up an OTC market early next year, and is looking for companies to collaborate […]

Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. The names of six companies that meet – or are close to meeting – listing criteria issued […]

Over-the-counter share prices rise ahead of new stock exchange launch

As investors await the first listings on the Yangon Stock Exchange, the price of over-the-counter shares in a number of well-known public companies has risen, amid expectation that the companies will list on the country’s first modern bourse. Workers prepare the new Yangon Stock Exchange building for today’s launch. Photo: Aung Myin Ye Zaw / […]

Yangon Stock Exchange to Launch in December

The Yangon Stock Exchange is set to launch on Dec. 9, an official said on Monday, after three years of preparations to modernize Burma’s financial sector. Addressing CEOs and executive directors of ten underwriting firms, Chairman of the Securities and Exchange Supervisory Committee and Deputy Finance Minister Maung Maung Thein said the exchange, known as […]

YSX provisional licences awarded

Eight companies have been offered conditional underwriting licences for the Yangon Stock Exchange, subject to paid-up capital. The exchange, which is owned by state-owned Myanma Economic Bank, Daiwa Institute of Research and Japan Exchange Group, is due to open in December. Companies including AYA Bank, Daiwa Securities Group and United Amara Bank were offered provisional […]