FMI swaps share certificates for digital accounts

First Myanmar Investment (FMI), owned by businessperson Serge Pun, has asked its shareholders to open digital accounts, ahead of the company’s planned listing on the new Yangon Stock Exchange later this year, officials said. It is working with two securities companies on its initial public offering – KBZ Stirling Coleman Securities (KBZSC) and Myanmar Securities […]

No foreign-local joint ventures to list on YSX at first

Joint ventures between local and foreign companies will not be permitted to list on the Yangon Stock Exchange at first, according to Dr Maung Maung Thein, chair of the Securities Exchange Commission of Myanmar. While the rules will eventually be changed to allow for foreign-local joint ventures to sell shares, that may be some time […]

Thilawa SEZ has sold over 3 million shares, to list when stock market set up

Myanmar Thilawa SEZ Holdings Public Co Ltd (MTSH) says it has sold more than three million shares but has no plan to sell more. Win Aung, the chairperson of MTSH, said: “We now have enough capital to run the economic zone. We have a plan to list on the stock exchange, which is going to […]

OTC market for Thilawa shares due in 45 days, Win Aung says

Over-the-counter sales of shares in the Thilawa Special Economic Zone will be launched within 45 days, according to tycoon Win Aung, chairperson of Myanmar Thilawa SEZ Holding Public Co Ltd. Win Aung, who is also the president of the Union of Myanmar Federation of Chambers of Commerce and Industry, said the OTC market “will sell […]