DICA warns public companies to seek permission from SECM before share trading

THE Directorate of Investment and Company Administration (DICA) issued an announcement on Tuesday that public companies have to seek permission from the Securities and Exchange Commission of Myanmar and register at DICA before they can engage in the trading of shares. When public companies seek a business commencement certificate they must present an incorporation certificate […]

SECM Warns Against Illegal Trade as Stock Exchange Readies for Business

The Securities and Exchange Commission of Myanmar (SECM) issued a warning on Wednesday against illegal trading through unofficial channels. An announcement published in state-run daily The Global New Light of Myanmar cautioned that action will be taken against those caught selling stocks through illegal or “non-transparent means,” including over social media sites. The Yangon Stock […]

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 […]

Myanmar Investments International Limited Raises US$20 million for More Investments in Myanmar

Myanmar Investments International Limited Successfully completed a new subscription. MIIL closed an additional equity fund raising of $3.8 million in December 2014. Myanmar Investments International Limited (AIM: MIL) (the “Company”), the AIM-quoted Myanmar focused investment company, today announces that it has raised US$19,942,395 (gross) through a subscription of 17,341,214 new ordinary shares of nil par […]