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FMI acquired interest in Sein Hospital in Taunggyi

ACQUISITION OF INTEREST IN SEIN HOSPITAL BY THE COMPANY’S SUBSIDIARIES The Board of Directors of First Myanmar Investment Co., Ltd. (the “Company” and with its subsidiaries, the “Group”) wishes to announce that the Company’s subsidiaries namely Pun Hlaing International Hospital Limited (“PHIH”) and Yoma Siloam Hospital Pun Hlaing Limited (“YSHPH”), has entered into a framework […]

Telenor’s Valyou receives UNCDF support for financial inclusion in Myanmar

Valyou, a service from Telenor Group, will provide low-cost international remittance services to Myanmar in its effort to promote greater financial inclusion in Southeast Asia. Through Valyou’s international remittance platform, Myanmar nationals in Thailand and Malaysia will soon be able to send money directly to their family and friends back home. Valyou’s international remittance service […]

Myanmar Automobile Development Public Co., Ltd to register at YSX

Myanmar Automobile Development Public Company Limited will soon register at the Yangon Stock Exchange (YSX) in hopes of becoming a publicly listed company, it is learnt from the company’s second annual general meeting held at UMFCCI on 24th September. Public companies are allowed to sell and trade shares of stock. There are currently three companies […]

Serge Pun calls meeting with brokers over FMI volatility

First Myanmar Investment’s chair Serge Pun called a meeting of securities companies this week following a volatile day’s trading in his company’s shares, while Yangon Stock Exchange officials said securities firms must make more effort to explain trading risks to their clients. After launching its shares on March 25, FMI – the first and only […]

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 […]

SECM Warns Against Illegal Trade as Stock Exchange Readies for Business

The Securities and Exchange Commission of Myanmar (SECM) issued a warning on Wednesday against illegal trading through unofficial channels. An announcement published in state-run daily The Global New Light of Myanmar cautioned that action will be taken against those caught selling stocks through illegal or “non-transparent means,” including over social media sites. The Yangon Stock […]

Myanmar Unprepared for Stock Market: Economist

Trading of stocks at the Yangon Stock Exchange (YSX) is expected to begin in March, giving Myanmar people another option to invest their money. Currently, people invest in the property market or the currency market, however, they are less likely to move their investments into the new stock market, a local economist said. “All of […]

Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. The names of six companies that meet – or are close to meeting – listing criteria issued […]

Strict IPO rules in place for first Myanmar stock exchange

The listing criteria were published in the August 14 edition of state run newspaper The Global New Light of Myanmar, and comprise 17 requirements that companies will have to comply with in order to list on the YSX. They include qualitative standards relating to corporate management, corporate governance, compliance, disclosure of corporate information, insider trading, […]

Yangon Stock Exchange listing criteria lacking protection for investors

The listing criteria for Myanmar’s first stock exchange have been published, but important rules to protect shareholders are missing, said experts. Unless more detailed regulations are added, investors will be at risk of abuse by unscrupulous companies, they said. The Yangon Stock Exchange (YSX) is due to open later this year. It is owned by […]