Your time is Your Life-Your Life is Your Wealth

Fly in Myanmar

The authorities have decided to list just five companies for the launching of Yangon Stock Exchange, scheduled for October 2015, according to the Ministry of Finance.

“We received applications from six local public companies and approved two. We know several corporations are qualified but to ensure quality and compactness of the stock exchange, we have decided to go with a few,” said Dr MaungMaungThein, deputy minister for finance.

He said the listed companies would be strong enough to guarantee profit for investors.

Thus far, the Asia Green Development Bank and the Myanmar Agribusiness Public Corporation have been listed on the stock exchange.

According to the Japanese research team, it has been recommended that public companies are obliged to sell 10 per cent of equity stakes to individual investors and to have at least one hundred shareholders before applying for the stock listing.

The research team has specified for strict financial…

View original post 37 more words

Advertisements

Comments on: "Yangon Stock Exchange to list five companies" (1)

  1. I want to visit Myanmar soon.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: