Some 200 shareholders of bus service operator Yangon Urban Public Transportation Company (YUPT) are calling on the Yangon Region government to buy over their shares in the company. This comes after a shareholder uprising over the company’s lack of profit and leadership selection disrupted YUPT’s annual general meeting in late October. Last weekend, YUPT began […]
Myanmar strategic annual revenue jumps after exera buy but loss widens
August 13, 2019 by
Myanmar Strategic Holdings Ltd on Tuesday said its revenue multiplied in its most recently ended financial year, but loss widened amid higher costs. The guarding, protective, transportation, and training services provider said its loss widened in the year to the end of March to USD2.6 million from USD2.1 million reported a year prior, due to […]
Myanmar’s $400m stock market to open to foreigners
July 18, 2019 by
Myanmar will allow direct foreign ownership of shares at the Yangon Stock Exchange (YSX), a move designed to throw a lifeline to the country’s only bourse. In a notice on Friday, the regulator, the Securities and Exchange Commission of Myanmar, said foreign individuals and locally-registered entities would be allowed to invest in listed shares of […]
A New Harbinger of Good Governance – Myanmar’s Institute of Directors
March 28, 2018 by
This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]
More firms to be listed on Yangon stock exchange
August 29, 2017 by
PEOPLE’S interest in trading on the Yangon stock exchange does not seem to be growing 18 months after its launch but more companies are nevertheless keen to be listed, say officials. Htay Chun, a member of Securities and Exchange Commission of Myanmar, says that at least two more companies hope to complete the necessary procedures […]
Top End Minerals closing in on zinc acquisition
February 6, 2017 by
Top End Minerals (ASX:TND) has successfully completed its technical due diligence on the Lashio zinc refinery in Myanmar. In late November 2016, Top End acquired the option to purchase a 60% interest in the Longh Keng zinc mine and Lashio zinc refinery in Myanmar for US$43 million. Corporate due diligence and financial due diligence is […]
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