By-laws necessary to launch Yangon Stock Exchange

The Stock Exchange Commission (SEC) will be formed this year if the government manages to enact security exchange by-laws in time, according to Daiwa Securities Ltd.

The Japanese firm is assisting the Myanmar government to launch its first ever stock market by 2015. Parliament passed the Security Exchange Law in July 2013 but various by-laws must be enacted before the SEC can be launched.

Listing requirements and steps involved to prepare an Initial Public Offering (IPO) for Myanamr companies also have to be set in law.

Public companies that want to list on Yangon Stock Exchange will need to sell at least 10 percent of their shares, and they need to have minimum capital of Ks 500 million (US $0.5 million).

Unlisted public companies also need to abide by the existing Company Acts and the Security Exchange Law, according to Daiwa.

Source: ELEVEN Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here