Myanmar Thilawa Special Economic Zone Holdings Public Ltd will not sell additional shares for part A of the zone

Myanmar Thilawa Special Economic Zone Holdings Public Ltd will not sell additional shares for part A of the zone, Managing Director Thein Han said.

The company sold 2.145 million shares during an initial sale from March with each share valued at Ks 10,000. The company sold its shares to those who buy more shares via a pro-rota system. "Currently, we have no plan to sell additional shares to the public," Thein Han said. "The sale of more shares will be decided only when the company needs to raise funds. In addition, we will decide it by holding a board of directors meeting."

For the convenience of share buying and selling, the company in October 2014 opened a service centre at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry. Currently, each share is trading at about Ks 20,000 at the centre.

The Thilawa SEZ project started November 30, 2013 and will start its commercial run in mid-2015. The Thilawa SEZ project is a joint venture undertaken by the Myanmar and Japanese governments along with a consortium of Japanese companies. The Myanmar side owns 51 per cent and the Japanese side the rest.

Source: http://elevenmyanmar.com/index.php?option=com_content&view=article&id=9121:no-more-shares-to-be-sold&catid=33&Itemid=356

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