First Myanmar Investment (FMI) share trading will be suspended for five business days on Yangon Stock Exchange (YSX)

The share trading for First Myanmar Investment (FMI) Co., Ltd. on Yangon Stock Exchange (YSX) will be suspended for five business days, including non-exchange transaction transfer (NETT), in order to conduct the issuance of one fully-paid bonus share for every twenty existing ordinary shares as “Bonus Shares” on the Record Day.
The FMI’s share trading will be suspended from 21st to 28th August, 2018. The trading for FMI share will resume on 29 August on a post issuance basis. The base price for FMI share will be announced on 28 August, 2018, according to a recent notice of YSX.
FMI’s notice of proposed dividend, recommended by the board of directors of the company, stated that shareholders of the company are entitled to the proposed dividend of Ks. 100 per ordinary share and the issuance of one fully paid bonus share for every twenty existing ordinary shares held as “Bonus Shares” for the financial year ending 31 March 2018.
FMI is an investment holding company that owns shares in companies engaged in a number of diverse businesses. Its core businesses are in the financial services, real estate and healthcare sectors.
FMI also has investments in other companies, including companies engaged in the retail and tourism sectors and a company developing Thilawa Special Economic Zone. According to trading data released by YSX, FMI share price hit its highest mark of Ks41,000 on 29 and 30 March 2016. At the closing time on 17 August 2018, FMI share price was worth Ks12,500. — GNLM

(Global New Light of Myanmar: http://www.globalnewlightofmyanmar.com/fmi-share-trading-to-be-suspended-for-five-days-on-ysx/ )

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