Alternative market for investors planned

14 August 2019
Alternative market for investors planned
A visitor takes a photo of a large video screen displaying stock prices at the Yangon Stock Exchange in Yangon. Photo: Ye Aung Thu/AFP

Myanmar's securities regulator and the Yangon Stock Exchange are planning to establish an alternative market where investors can trade shares of unlisted companies, the Nikkei Asian Review reported.

Tentatively called the Myanmar Public Companies Board, the new market will be a steppingstone for companies to list on the fledgling Yangon Stock Exchange, according to a document that Nikkei obtained.

The Japanese-supported exchange opened in 2016 but still lists only five companies. On July 12, the commission announced that it would allow foreign investors to trade there by the end of the year.

The new board aims to revitalize the local capital markets and help fuel the growth of domestic companies, the report said.