No new shares to trade on YSX until July: underwriters

The first long-awaited initial public offerings on the Yangon Stock Exchange will not include any new shares, said underwriters, while the first company to raise fresh capital is unlikely to list until July. The YSX opened last December to much fanfare but with no stocks to trade. Crowds gathered, a giant bell was rung and […]

Kyaukphyu SEZ Shares to Go on Sale

The company formed by local businesses to develop the Kyaukphyu special economic zone (SEZ) will start selling its shares to the public later this year, a senior executive of the company said. The shares of Myanmar Kyaukphyu SEZ Public Holding Co Ltd will be sold at a price of K10,000 each, U Tin Aung, secretary […]

FMI issues additional 25,000 shares for public offering

YANGON—First Myanmar Investment Co Ltd, a local investment holding company, has begun issuing an additional 250,000 new ordinary shares to be offered to the public at a price of Ks 10,000 (US$ 10.17) each, starting from January 9, company sources say. The additional offering shall be open for 10 business days. The public is invited […]