Aug 18, 2014

Thilawa SEZ has sold over 3 million shares, to list when stock market set up

Myanmar Thilawa SEZ Holdings Public Co Ltd (MTSH) says it has sold more than three million shares but has no plan to sell more.

Win Aung, the chairperson of MTSH, said: “We now have enough capital to run the economic zone. We have a plan to list on the stock exchange, which is going to kick off in 2015. This is for the benefit of our shareholders.”

Thilawa Special Economic Zone has two sections and is expected to cost nearly US$180 million to set up.

Shares for Part (A) of the zone have been sold since March for Ks 10,000 ($10) per unit, which has raised Ks 33 billion ($33 million).

There are two sorts of shares: common stock and preferred stock. Most shares of Thilawa SEZ that have been sold were ‘common’ shares.

Source: Eleven Weekly Media