First Myanmar Investment offers additional shares

First Myanmar Investment opened an additional public offering of new ordinary shares on January 9. The additional offering of 250,000 shares will be sold at K10,000 each, the same price as the initial share offering that closed on January 8. After an “overwhelming” response to the initial offering of 2,500,000 new ordinary shares, which was […]

FMI issues K25 billion rights issue to fund expansion

Investment holding company First Myanmar Investment Co. Ltd., has issued a K25 billion (about US$25.6 million) rights issue for existing shareholders to finance corporate growth and expansion, it announced in a statement released in Yangon on December 3. The rights issue will result in 2,500,000 new ordinary shares being issued at a price of K10,000 […]