Credit Bureau Asia’s IPO receives strong investor interest

Credit Bureau Asia (CBA), which owns a 40 percent stake in Myanmar Credit Bureau, received 60.8 times more in applications from retail investors than the number of shares available in the public portion of its initial public offering (IPO) on December 2. CBA said it received more than 4,000 valid applications for about 91.3 million […]

Credit bureau lists in Singapore to raise funds for growth

Credit Bureau Asia (CBA), which provides credit risk assessments, has registered its prospectus with the Monetary Authority of Singapore for an initial public offering (IPO) of 30 million shares priced at 93 Singapore cents each. The shares will begin trading on the Mainboard of the Singapore Exchange on December 3. CBA has a 40 percent […]

What Ant Group’s upcoming IPO means for the Southeast Asian startup ecosystem

The startup ecosystem in China and Southeast Asia (SEA) is closely related in its own unique ways. It is often said that whatever trend arising in China at the moment will give us a preview of what might happen in SEA in the next few years. The two markets impact each other both directly and […]

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, […]

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 […]

Gulf Energy Development Plans $4.6bn Power Plant Spend After IPO

Gulf Energy Development’s billionaire founder Sarath Ratanavadi plans US$4.6 billion of investment in power plants over the next four years after the company’s listing this month. The initial public offering’s proceeds will help fund some of the outlay, with the rest coming from loans, Mr Sarath, the company’s chief executive, said in his Bangkok office. […]

A startup tackles Southeast Asia’s hidden esports opportunity

It may not be long before an athlete wins a gold medal at the Olympics – for playing a computer game. Competitive computer gaming, or esports, has turned from a fringe activity into a genre that’s getting millions of viewers and doling out millions of dollars in prize money. In Southeast Asia, it may be […]

Torstone starts Inferno in Myanmar

Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces that a Myanmar-based broker has begun using Inferno, Torstone’s post-trade securities and derivatives processing system. Inferno will process the broker’s post-trade flow of its equities execution business. Inferno covers the whole trade life-cycle from trade capture through to settlement, accounting and reconciliation. […]

Golden Glory plans IPO to fund Myanmar projects

YANGON • Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering (IPO) in Singapore this year as the opening of the market spurs property demand in South-east Asia’s fastest-growing economy. The Singapore-based company is targeting an US$80 million to US$100 million (S$110 million to S$138 million) initial share sale, […]

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 […]