ASEAN KEY DESTINATIONS
Loi Hein Co. to be listed and traded on Yangon Stock Exchange
Alpine Co. Ltd. Chairman Dr. Sai Sam Tun said that the drinking water and beverage company would trade it’s shares on the Yangon Stock Exchange (YSX).
He added that it would take about three years to complete their accounting systems, corporate procedures and practices to be in compliance with requirements for being listed on the newly inaugurated stock market.
In the meantime his Ruby Hills Securities and Thai KT.ZMICO, a subsidiary of Thai Krung Thai Bank, would work together in a joint venture for trading shares of listed companies on the Yangon Stock Exchange as the subsidiary Securities Co. Ltd.
Dr. Sai Sam Tun further said that it is beneficial if one can invest in the capital market in the long term since the Yangon Stock Exchange opened on 9 December.
“I am not leaving my drinking water and beverage business. I am doing improvements in these businesses too and at the same time I join the capital business market too,” Dr. Sai Sam Tun said.
In 1992, Dr. Sai Sam Htun was asked to assist with the distribution and marketing of a local cigarette brand - Duya - manufactured by Myanmar Foodstuffs Industries (MFI). In 1996, Loi Hein Company Ltd. was established and in 2000, in association with Osotspa Co., Ltd. (Thailand) LHC launched Shark energy drink and quickly gained market leadership.
In 2002, LHC launched its first own brand, Alpine, that quickly became the market leader in bottled purified drinking water, in 2008, in association with Green Spot Co., Ltd. (Thailand) LHC developed and launched a non-carbonated California Orange soft drink.
In 2009 LHC was appointed exclusive distributor for SPY Wine Cooler manufactured by Siam Winery Co., Ltd. (Thailand)
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below