Yangon Stock Exchange

Yangon Stock Exchange
YSX
Type Stock exchange
Location Yangon, Myanmar
Founded October 2015
Currency MMK

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]

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.
This article is issued from Wikipedia - version of the Sunday, August 16, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.