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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 […]

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 […]

Digicel mulls sale of Myanmar towers

“Digicel has received a number of expressions of interest regarding an acquisition of the business and is evaluating the options relating to it,” say documents circulated ahead of its planned IPO on US markets later this year. Local reports suggested several companies had made initial bids and are undergoing a due diligence process Digicel made […]

Modern Monterssori International on fast-track expansion path

MODERN Montessori International Group (MMI) is starting to reap the rewards of the groundwork they laid out in the last few years. On Monday, the preschool education provider marked a significant milestone with the official opening of its first preschool in Myanmar. Fast forward to September this year and MMI expects its first school in […]