Yangon Stock Exchange

Yangon Stock Exchange
YSX
Type Stock exchange
Location Yangon, Myanmar
Founded October 2015
Key people U Yin Zaw Myo, managing director
Currency MMK
Website ysx-mm.com

The Yangon Stock Exchange (Burmese: ရန်ကုန်စတော့အိတ်ချိန်း; abbreviated YSX) The stock exchange is slated to open in October 2015, at the former Central Bank of Myanmar and Myawaddy Bank headquarters in Yangon.[1][2] On 23 December 2014, two Japanese firms, Daiwa Institute of Research, the research arm of Daiwa Securities Group and Japan Exchange Group, established a joint venture with the state-owned Myanma Economic Bank to establish this stock exchange.[3] The joint venture firm, the Yangon Stock Exchange-Joint Venture Limited will have a working capital of US$31 million.[3] First Myanmar Investment (FMI) Company will be the first company to launch an initial public offering (IPO) at YSX when it opens.[4] The Securities and Exchange Commission has selected Kanbawza Bank to be YSX' settlement bank.[5]

Myanmar’s stock exchange in Yangon will commence trading on March 25, 2016, more than three months after it launched, according to the country’s deputy finance minister Maung Maung Thein.

First Myanmar Investment Co. Ltd. will begin selling its shares on the Yangon Stock Exchange (YSE) by that day, followed by Myanmar Thilawa SEZ Holdings and Myanmar Citizens Bank. Other companies, among them First Private Bank Limited, Great Hor Kham Public and Myanmar Agribusiness Public Corporation, will join at a later date.[6]

See also

References

  1. ↑ Shwegu Thitsar (26 November 2014). "Stock exchange location selected". Myanmar Times. Retrieved 1 July 2015.
  2. ↑ "ရန်ကုန် စတော့-အိတ်ချိန်း အဆောက်အအုံ အချိန်မီဖွင့်လှစ်နိုင်ရေးအတွက်ဆောင်ရွက်". MRTV (in Burmese). 18 May 2015. Retrieved 1 July 2015.
  3. 1 2 Mullins, Jeremy (23 December 2014). "Yangon Stock Exchange closer to reality". Myanmar Times. Retrieved 1 July 2015.
  4. ↑ Hammond, Clare (12 May 2015). "FMI 'first and only' company to list on YSX, says Pun". Myanmar Times. Retrieved 1 July 2015.
  5. ↑ Kyaw Phone Kyaw (5 May 2015). "KBZ chosen as settlement bank for upcoming stock exchange". Myanmar Times. Retrieved 1 July 2015.
  6. ↑ Maierbrugger, Arno. "Myanmar stock exchange readies for first trade | Investvine". Investvine. Retrieved 2016-03-15.
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