First Myanmar Investment Limited discloses risks ahead of listing on the Yangon Stock Exchange
First Myanmar Investment Limited discloses risks ahead of listing on the Yangon Stock Exchange
First Myanmar Investment Limited (FMI) has issued a disclosure document (FMI Disclosure Document) setting out the risk factors associated with its forthcoming listing on the Yangon Stock Exchange (YSX). The FMI Disclosure Document lists a reliance on FMI’s chairman Serge Pun’s business relationships and the potential illegality of its existing share trading center among the risks associated with its business. FMI will be the first company to list on the YSX. Trading in FMI’s shares is scheduled to commence on 25 March 2016. Myanmar’s Securities and Exchange Commission has announced that Myanmar Thilawa SEZ Holdings Limited will be the second company to list on the YSX, followed by the Myanmar Citizens Bank Limited and the First Private Bank Limited. Read more