Yoma’s Pun Seeks New Myanmar Stock Exchange’s First Listing

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 […]

Myanmar stock exchange plan stall

A Japanese plan to help open a stock exchange in Myanmar in October 2015 is stalled due to difficulty recruiting suitable staff and finding companies with potential to list on the market.  Japanese securities company Daiwa Securities Co pioneered an attempt to develop a stock market in Myanmar by leading its affiliate Daiwa Institute of […]

Foreigners invest in local firms with potential to be listed on Stock Exchange

YANGON—Some foreign investors are buying shares in the local public firms that will probably become listed companies at the time of the official launch of the Myanmar Stock Exchange in 2015, according to Daiwa Securities Exchange. “What I’m concerned is that most of the companies selling shares are not abiding by the company law. Legally, […]

Outdated Myanmar laws restrict foreign firms’ listing in Stock Exchange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 […]