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Myanmar bourse seeks shot in the arm from overseas investors

YANGON — Myanmar will let foreign individuals and companies invest in the Yangon Stock Exchange, looking to breathe new life into the nation’s lone bourse. The Southeast Asian country’s Securities and Exchange Commission issued the notice on Friday. Foreign investors will be permitted to hold stakes totaling up to 35% in companies trading in Yangon. […]

Japan’s Daiwa readies fund to invest in Myanmar startups

TOKYO — Daiwa Securities Group will set up a venture capital fund in Myanmar, in a first for a major Japanese financial institution. The Southeast Asian country’s economy is growing at a roughly 6% clip, and information technology startups are emerging. This makes Myanmar an attractive market for Japanese institutional investors seeking relief from persistently […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Daiwa invests $5m in Myanmar ride hailer Oway

Oway stake provides Japanese financial group a foothold in promising market TOKYO — Daiwa Securities Group has taken a $5 million stake in Oway, a Yangon-based online travel agency and ride-hailing service, seeking to get ahead of rivals with an early entry into the Myanmar market. Investment unit Daiwa PI Partners purchased newly issued Oway […]

TMH Telecom set to become Myanmar’s first true IPO

YANGON — TMH Telecom gained approval Monday to become only the fifth corporation to go public in Myanmar’s fledgling stock market — and the first to raise fresh capital through an initial public offering. The listing is expected to occur in January, though the announcement of the float’s approval by the Yangon Stock Exchange did […]

Japan’s Daiwa to Buy Into Myanmar Internet Provider

TOKYO — Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential. Daiwa PI Partners will purchase newly issued shares, obtaining a stake of nearly 10%. Founded in 2013, the private-sector ISP serves mainly Yangon and Mandalay. It seeks to […]

Blockchain to Be Used on Myanmar Stock Exchange

Daiwa Securities Group, a major Japanese financial services company, has announced that it intends to implement blockchain technology for trading on the Yangon Stock Exchange in Myanmar (formerly Burma). Daiwa has been testing blockchain technology at the Yangon exchange for months, from June to September, and hopes to complete formal implementation for all Daiwa stock trades on the […]

Third listed company postpones IPO on Myanmar’s Yangon Stock Exchange

YANGON, July 27 (Xinhua) — Myanmar Citizens Bank, the likely third listed company on Yangon Stock Exchange (YSX), would not start trading in July due to the bank’s unreadiness, U Thet Htun Oo, senior executive manager of YSX, told Xinhua Wednesday. The bank will hold the annual meeting with shareholders on July 30, then there […]

Yangon stock exchange to open to foreign investors

The Securities and Exchange Commission of Myanmar is preparing to allow foreign investors to access the new Yangon Stock Exchange and for local-foreign joint ventures to list, chair U Maung Maung Win said. An “appropriate” number of joint venture companies will be given permission to go public as soon as the new Myanmar Companies Act […]

Daiwa and ACE team up to provide security and technology for YSX

Japanese technology company Daiwa Securities Group will team up with the Myanmar- based ACE Date Systems in providing security and technological assistance to the nascent Yangon Stock Exchange (YSX), the exchange has announced. “Daiwa and ACE are collaborating to implement a security system for the exchange high-standard technology,” said U Thet Htun Oo, executive senior […]