Yangon Stock Exchange discusses pre-listing board and consultant appointment
May 27, 2024
The Yangon Stock Exchange (YSX) held a talk on the pre-listing board and appointed a registered consultant on 25 May. The YSX also announced that Asia Pacific Business Group Public Co Ltd is making efforts to register as a pre-listing public company at the YSX.
Myanmar Enterprise Solutions’ CEO and Founder, U Myo Hein, stated, “APC Company appointed us as the registration officer as part of the preparations for the pre-listing board. Although the YSX has been in development for eight years, public interest remains low. Due to the stringent criteria, many companies fail to meet the necessary standards. The pre-listing board was established in 2022, and in 2024, there are three registered companies.”
A Memorandum of Understanding for mutual cooperation was signed to facilitate APC Public Holding Limited’s entry into the YSX Pre-listing Board.
During the talk, U Than Lwin, former deputy governor of the Central Bank of Myanmar and Senior Advisor to Kanbawza Bank, delivered the opening remarks. Additionally, U Myo Min (Director of DICA), U Thet Tun Oo, Executive Senior Manager, YSX, and Daw Tin May Oo (Advisor to SECM) discussed what companies need to prepare to enter the pre-listing board, knowledge on PLB readiness, and the steps local companies should take amid declining foreign investments. — Pwint Thitsa/ TMT
