Yoma Strategic to Spin off Myanmar Tourism Businesses in Reverse Takeover of SHC Capital Asia

SINGAPORE – Yoma Strategic Holdings announced on Monday (Oct 24) that it will be spinning off its tourism-related business as part of a reverse takeover (RTO) of Catalist-listed SHC Capital Asia Ltd. Yoma on Sept 2 announced its intention to partner with other players to establish a new tourism platform engaged in various tourism-related businesses […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

Profit and loss statements of YSX listed companies to be released at end of fiscal year

The companies approved to trade shares at the Yangon Stock Exchange (YSX) will have to release statements of profit and loss so that those who want to purchase their stocks can make intellectual investments, according to an announcement released by the Securities and Exchange Commission of Myanmar. Currently, the three approved companies — First Myanmar […]

Banks mull taking shares as collateral

Investors in Yangon Stock Exchange-listed firms could soon be able to use their shares to access bank loans. The YSX is in discussions with listed companies and lenders about a system for posting stock as collateral, which shareholders are eager to see put in place. Tycoon Serge Pun – owner of listed firm First Myanmar […]

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 […]

Major Myanmar’s real estate project wins lease extensions

A half billion dollar real estate development in Myanmar’s commercial capital has gained critical lease extensions from the ministry of transport, its developer said on Wednesday. The Landmark Development, backed by Singapore-listed Yoma Strategic Holdings Ltd., located in Yangon, has been stalled since 2012 without them. The centerpiece of the 10 acre mixed-use property is […]

Real estate market slowdown helps dent FMI annual profits

First Myanmar Investments (FMI) published its annual financial results yesterday, showing a severe drop in net profits. The great bulk of the fall was down to a group restructuring the previous year, although a “stagnant” property market also hurt the firm’s bottom line. The latest annual report was FMI’s first as a listed company, having launched its shares on […]

Rumors of Foreign Investors Soon Accessing YSX Quashed

RANGOON — Foreign investors will be unable to buy shares on the Yangon Stock Exchange (YSX) as long as the Myanmar Companies Act is not amended, a senior YSX official said, dispelling rumors that shares trading would open up to foreigners this week. Earlier this week, misleading news apparently spread after Maung Maung Win, chair […]

Shareholder structure could limit Thilawa share price

The share price of Myanmar Thilawa SEZ, one of two companies listed on the Yangon Stock Exchange, may be held back due to its shareholder structure, according to a recent research paper. MTSH became the second firm to list on the Yangon Stock Exchange last month, pricing its shares at K40,000. The stock closed at K57,000 yesterday, […]

Yangon Stock Exchange needs more time to succeed, experts say

THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week, Aung Htun, managing director of Myanmar Investments International, an investment holding company listed on […]