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
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