Three Myanmar-Singapore joint ventures have joined the Singaporean Exchange as they wait for Myanmar to open its own stock market, according to a junior advisor for banks and investments.
“The very first three companies that joined to SGX are Yoma Strategic Holdings, Aussino and Super Coffeemix,” Dr. George Soe Win, the junior advisor told the EMG.
He added that they joined the SGX due to lack of a stock exchange market in Myanmar. The Myanmar Security Exchange Center which is being implemented with the assistance of Daiwa Security from Japan is likely to open its doors by 2015.
Myanmar expects to establish its first stock exchange in 2015 along with the Myanmar Security Exchange Law and relevant organisations. Singaporean capital ranks first in foreign direct investments from ASEAN countries, according to statistics.
Yoma Strategic is doing business in real estate, agriculture and car manufacturing in Myanmar and China. It is also working together with sister company, SPA Group of Myanmar.
Aussino Group Ltd. is a Singaporean investment holding company which designs, manufactures and exports home fashion textile products worldwide.
Super Coffeemix is owned by SuperGroup Singapore and makes 3-in-1 hot beverage products since 1987.
Source: ELEVEN Myanmar