Amata Holding Public Company debuts on YSX today (3 June)

The Amata Holding Public Co., Ltd (AMATA) is listed on the Yangon Stock Exchange (YSX) on 3 June 2021 at the base price of K4,500 per unit. Its share trading is made on the same day, according to the recent notice released by YSX.
The upper limit price is set at K5,500, while the lower is at K3,500. If investors place a market order, it can be matched between the upper and lower limit price based on the balance of supply and demand.
After scrutinizing submitted application documents and a deliberate listing examination, YSX approved the Amata Holding Public Co., Ltd. (AMATA) to be listed on YSX under Section 41 (c) of the Securities Exchange Law and Section 7 and 8 of the Securities Listing Business Regulations, on 28 December 2020. Earlier, it was earlier scheduled to debut on the exchange on 12 March.
YSX has postponed the scheduled date of listing of the Amata Holding Public Co., Ltd. (AMATA for a certain period, according to the YSX notification dated 26 February 2021.
AMATA is the very first hotel and tourism business to be listed in the equity market. The base price of AMATA will be announced on the YSX website one working day prior to the listing date.
On 18 July 2018, the company issued a prospectus in which 596 investors held 497,598 shares at an offering price of K5,000 per unit.
AMATA would be the seventh public company to list on the exchange. AMATA is a public holding company as per the company’s profile. It operates resorts in Ngapali Beach, Inlay Lake and Bagan, and a hot air ballooning business with 15 balloons in six cities.
AMATA owns 99.99% share from United International Group Co., Ltd and 51% shares from Myanmar Ballooning Co., Ltd.
At present, shares of six listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), TMH Telecom Public Co. Ltd (TMH) and the Ever Flow River Group Public Co. Ltd (EFR) are traded on the exchange.
On 2 June 2021, the share prices of FMI were closed at K9,000 per unit, MTSH at K3,500, MCB at K7,800, FPB at K19,000, TMH at K2,750 and EFR at K2,950, respectively. Usually, over K60 million worth of shares were traded on the exchange every day. The COVID-19 impacts cooled down the market. —KH/GNLM