Myanmar citizens’ bank to float next month

NYAPYITAW, Myanmar – A private bank to enter Yangon’s stock market.

Myanmar Citizens Bank will be the third listed company to begin trading on the stock market next month, according to the Yangon Stock Exchange (YSX).

Thet Tun Oo, a Yangon Stock Exchange manager, said: “Myanmar Citizens Bank will be a listed on the YSX in July. No price has been fixed for the shares. It has one month to make necessary preparations. We are scrutinising it.”

There are six listed public companies on the YSX. The Myanmar Thilawa SEZ Holding Company and the First Myanmar Investment Company are already trading.

AYA Trust Securities, CB Bank Securities, Myanmar Securities Exchange Centre, KBZ Stirling Coleman Securities and KTZ Ruby Hill Securities are offering services at the YSX.

The licence fees for the listed companies range between 30 million kyat (S$34,049) and 5 billion kyat.


Source: Business Asia One


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