TOKYO — Daiwa Securities Group will set up a venture capital fund in Myanmar, in a first for a major Japanese financial institution. The Southeast Asian country’s economy is growing at a roughly 6% clip, and information technology startups are emerging. This makes Myanmar an attractive market for Japanese institutional investors seeking relief from persistently […]
Allen & Gledhill advises on first ‘true’ IPO in Myanmar
January 30, 2018 by
Singapore Big Four law firm Allen & Gledhill has represented Myanmar’s TMH Telecom on its initial public offering on the Yangon Stock Exchange (YSX). The IPO is said to be the first “true” one on Myanmar’s fledgling stock exchange as it will be the first one to offer fresh capital instead of existing shares. A&G […]
TMH Telecom set to become Myanmar’s first true IPO
December 8, 2017 by
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 […]
Mechanism for Foreigners to Trade in YSX Under Way
July 27, 2017 by
A mechanism for foreign investors and organisations to take part in the Yangon Stock Exchange is under development, according to Myanmar Securities Exchange Centre (MSEC). Daily stock trading in Myanmar has declined significantly and the market is sluggish. In order to revive the trading activities, a system to include non-Myanmar investors from various sectors must […]
Stock Exchange Ready to Trade Online
January 23, 2017 by
Thet Tun Oo, a Yangon Stock Exchange (YSX) manager, says the Securities and Exchange Commission of Myanmar (SECM) is testing online trading. The six securities companies officially licensed by the SECM were ready to start when official permission was given, he added. “The public is calling for the online trading. It’s up to the […]
First Private Bank Shares Plunge
January 23, 2017 by
First Private Bank (FPB) became the first Yangon-listed company to watch its shares fall immediately after listing. The lender, which claims the oldest banking licence in Myanmar, became the fourth firm listed on the Yangon Stock Exchange on January 20. FPB’s 2.47 million shares started at a base price of K39,000 but dropped to […]
Myanmar citizens’ bank to float next month
June 24, 2016 by
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 […]
Yangon stock exchange to open to foreign investors
June 6, 2016 by
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 […]
