First Myanmar Investment to list first on Yangon Stock Exchange

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Asean Affairs 18 March 2016

First Myanmar Investment to list first on Yangon Stock Exchange

Myanmar's new stock exchange will see its first listing on March 25 with the debut of First Myanmar Investment (FMI).

FMI was established in 1992 as one of Myanmar’s first public companies and currently has over 6,700 shareholders. It maintains investments in three key sectors: financial services, real estate, and healthcare. The company is also involved in joint ventures with leading international firms including Mitsubishi, the International Finance Corporation, the Asian Development Bank, the Lippo Group, Telenor and Parkson.

“FMI is honoured to be the first company to receive approval for a listing on YSX,” said Serge Pun, FMI’s Executive Chairman. “This is a significant accomplishment and milestone for us. We see the YSX listing as an opportunity to provide greater liquidity to our investors, while giving us increased market recognition and access to capital. We are also proud to support the development of capital markets in Myanmar.”

Shareholders who have already opened an account with a licensed securities company will be able to begin trading their shares on 25 March. Those without a securities account will need to open one before they can trade FMI said in a statement.

Five other local companies will list at various stages after FMI's market debut they are First Private Bank, Great Hor Kham, Myanmar Agribusiness and Myanmar Citizens Bank.

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