MTSH Won’t Sell Thilawa Zone B Shares Yet

Myanmar Thilawa SEZ Holding (MTSH) Public Limited will not sell its ‘Zone (B)’ shares in the near future, according to the company’s second annual general meeting.

There are three zones in the Thilawa Special Economic Zone development – Zone (A), Zone (B) and Zone (C).

A total of 2,145,000 shares for Zone (A) have already been sold out to more than 12,000 share members at K10,000 per share.

“We don’t need to sell the shares of Zone (B) now. We are first trying to get profit for our share owners,” said U Win Aung, president of Myanmar Thilawa SEZ Holding Public.

“If they sell shares of Zone (B) now, the shares price of Zone (A) will fall immediately. They should sell these shares gradually,” said U Khin Zaw who owns 250 shares of Zone (A).

The total area of Zone (A) is 396 hectare and it was opened in September 23. Currently, 45 companies from 13 countries have licence to invest in Thilawa Special Economic Zone.

There are 2,000 hectares in Zone (B) and the constructions will start in end- 2016.

Although Yangon Stock Exchange was opened in December, the share sales will start in March. The price of Myanmar Thilawa SEZ Holding Public Zone (A) share currently is K50,000 per share in the outside market.

Source: Myanmar Business Today

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