First Private Bank will soon trade its shares at Yangon Stock Exchange (YSX) as the fourth listed public company, it is learnt.
All firms planning to list on the Yangon Stock Exchange must publish disclosure documents in advance of their Initial Public Offering (IPO), including details of their recent financial reports, business strategy and ownership structure.
The company will release disclosure of the basic price of the shares. Currently, the company is making assessments and observations to sell its shares. The first date of its stock trading at YSX will be announced soon, said an official from First Private Bank.
The public companies which are in accord with the prescribed criteria by The Securities and Exchange Commission of Myanmar (SECM) are eligible to list at YSX.
Currently, the SECM has already approved six public companies to trade stocks at YSX. The Yangon Stock Exchange began on 9th December, 2015 and the three listed companies_ First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings Public Limited (MTSH) and Myanmar Citizens Bank (MCB) are currently listed and trading stocks at YSX.