First Myanmar Investment Co., a conglomerate controlled by businessman Serge Pun, is aiming to be the first publicly traded company on the Myanmar stock exchange. Pun, who is also chairman of Singapore-listed developer Yoma Strategic Holdings Ltd., said in an interview that First Myanmar doesn’t plan to sell any new shares. The company, which has […]
57 security companies bid for Myanmar’s stock exchange service provider licenses
YANGON, April 10 (Xinhua) — Fifty-seven private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Friday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for the […]
Outdated Myanmar laws restrict foreign firms’ listing in Stock Exchange
Foreign firms will find difficulties to list on the upcoming Myanmar Stock Exchange because of restrictions in the existing laws, Soe Thein, Executive Director of Myanmar Securities Exchange Centre Co Ltd, said. Myanmar is planning to launch a stock exchange by 2015 with technical assistance from Japan. Myanmar parliament is also working on the Security […]