26 January 2018
In order to increase the customers, listed companies and investment opportunity, Yangon Stock Exchange permitted TMH Telecom Public Company as the 5th YSX listing company in Myanmar.
YSX approved the TMH to be listed on 1st December 2017 in accordance with Section 41(c) of the Securities Exchange Law and Section 7 and 8 of the Securities Listing Business Regulations.
It is the first telecom company listed in the Myanmar stock share trading market. The company sell not only the existing shares but also the new ones.
Senior Executive Manager, Yangon Stock Exchange, Thet Htun Oo said “They offered about 550,000 new shares starting December and the existing share. And they sell a total of about 1.2 million new and existing shares. Each share is sold at 3000 kyats and the demand is very high. YSX invites all public service company. We will take more services to be benefits for our people.”
TMH stock trading market opened with one share for 3250 kyats at 11 AM at the launching ceremony. TMH focused on manufacturing of quality automatic telephone exchanges, telecommunication services, construction and operation of communication and broadband service.
Managing Director, TMH Telecom Public Co., Ltd, Thiha Lwin said “I think that the interest rate of the investment depends on the capacity of the company. We planned to sell more share of our company. We will do ICT solution, fiber and basic infrastructure. We target to invest about 6.4 billion USD in 2030 in Myanmar market. Investment is changing and we have a potential in the Stock exchange market.”
So far, the shares of five companies are trading in YSX including TMH Telecom Public (TMH), First Myanmar investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizen Bank (MCB) and First Private Bank (FRPB).