Myotha Project Draws Investments of K150B, Developer Eyes IPO

With the Mandalay Myotha Industrial Project having attracted local and foreign investments totaling K150.5 billion so far, officials are now eyeing a public listing in the near future, said U Aung Win Khaing, chair of the project’s developer, Mandalay Myotha Industrial Development Public Co Ltd (MMID). “We are aiming for an Initial Public Offering in […]

Fifth firm to list on stock exchange next week

TMH Telecom Co will commence trading on the Yangon Stock Exchange (YSX) on January 26, YSX senior executive manager U Thet Tun Oo said. TMH Telecom will be the fifth company to list on the exchange, joining First Myanmar Investments Co, Myanmar-Thilawa SEZ Holdings, Myanmar Citizens Bank and First Private Bank. According to the YSX, […]

Second YSX listing delayed until May

The firm, which is expected to be the second to move its shares onto Myanmar’s new exchange, has not yet received approval from the YSX to list, said Kensuke Yazu, Myanmar representative for the Japan Exchange Group, which co-owns the stock exchange. First Myanmar Investment became the first firm to list on the exchange on […]

FMI discloses risks ahead of Yangon Stock Exchange listing

A reliance on chair Serge Pun’s business relationships and the potential illegality of its existing share trading centre are among the risk factors First Myanmar Investment laid out in a disclosure document yesterday, ahead of the firm’s listing scheduled for later this month. FMI will be the first company to list on Myanmar’s first modern […]

Thilawa SEZ shares oversubscribed

The initial public offering of Thilawa Special Economic Zone has seen more than double the IPO subscriptions than 2.145 million shares available, said a company spokesperson at the April 25 press conference in Yangon. The company recently arranged the IPO to raise US$ 21 million to fund the first phase of Thilawa SEZ, a sprawling […]

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 […]