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May 29, 2020

Locals believe share prices of Thilawa SEZ projected to rise

“Share prices of the first Myanmar’s Thilawa Special Economic Zone are projected to rise,” shareholder Bo Hla Win, who owns10 shares of Myanmar Thilawa SEZ Holdings Public Ltd., (MTSH), said Saturday, adding that the project is believed to produce successful outcomes.
MTSH, the largest public companyin Myanmar, with about 18,000 publicshareholders, was registered in May, 2013. The firm sold shares worth K21.45 billion (41 per cent of total shares) to the public, U Win Aung, chairman of the company, said at the first annual general meeting of MTSH in Yangon, adding share registration services are now available in the head office of the company.
A 60-year-old retired investor who holds K500,000 worth of shares said,“It is estimated there are a few numbers of share players at the service centre as the majority of people boughtshares for the long run”.
Zin Mar, who has 20 shares, urged people tobuy more shares even at higher prices, expressing her view that share prices are unlikely to fall.
“MTSH BOD decided to develop the Residential and Commercial Zone in Thilawa SEZ through purchasing of 35 hectares as JV company, Myanmar Japan Thilawa Development Co., Ltd. It is situated between the main access corridor to Thilawa SEZ and Thilawa Reservoir making it a prime location for urban development,” said U Thein Han, a director of MTSH.
Concept master planning has been completed and further detailed designs are now being prepared and construction tenders will be launched in November, he added.
Myanmar Thilawa SEZ Holdings Public Ltd announced the appointment of the two independent directors—presidential advisors Dr Aung Tun Thet and U Tin Htut Oo. The company is planning to participate in the country’s first stock market next year as a listed entity.
U Win Aung said, “In the coming year, we plan to have corporate social responsibility (CSR) activities which will not only add value to Thilawa area but also to the greater national and social development”.
Thilawa Special Economic Zone, in the biggest commercial city of the country, is at 14 miles (23 km) southeast of Yangon where MTSH is carrying out the development tasks in zone-A 189 hectares(467.03 acres). The project has reached 44 per cent completion and the remaining work is estimated to finish in June, 2015.–GNLM

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