First Private Bank to Trade at YSX

First Private Bank will go public at Yangon Stock Exchange in December, said Dr. Sein Maung, the bank’s chairman.

The First Private Bank made the announcement at its 9^th Special Meeting and its 25^th Annual General Meeting on November 20. The bank will trade at an estimated Ks 40,000 per share and has appointed Myanmar Securities Exchange Centre Company as a financial advisor.

The bank submitted its Disclosure Document for Listing (DDL) on September 22 along with its application to enter the Yangon Stock Exchange.

Currently, the bank’s stock price stands at Ks 30,000 per unit, and it will be traded electronically.

The bank will be the fourth company to join the YSX. The other companies trading in the YSX include: First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings Public Limited (MTSH) and Myanmar Citizens Bank (MCB).

Source: Eleven Myanmar