AMATA to debut in equity market on 12 March

Amata Holding Public Co, Ltd (AMATA) will be listed on Yangon Stock Exchange (YSX) on 12 March 2021, and its share trading will be made on the same day, YSX notified on 29 January. 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. 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 before 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 each unit.
AMATA would be the seventh public company to list on the exchange. As per the company’s profile, AMATA is a public holding company and operates a resort in Ngapali Beach, Innlay Lake and Bagan, and 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 being traded on the exchange.
On 29 January 2021, the share prices of FMI were closed at K9,900 per unit, MTSH at K3,900, MCB at K8,200, FPB at K22,000, TMH at K2,700 and EFR at K3,600 respectively. Usually, over K60 million worth shares were traded on the exchange every day. The COVID-19 impacts cool down the market at present. The stock markets worldwide have reported their largest declines since the 2008 financial crisis. Similarly, the local equities market is also scared by the COVID-19 crash, a market observer points out. People are now putting money in savings, rather than investing during the COVID-19 crisis, he added. YSX will hold an online webinar on 5 February to enhance corporate governance reform process for Myanmar companies and improve the credibility of the capital market in Myanmar, in cooperation with the Securities and Exchange Commission of Myanmar under the guidance of Ministry of Planning, Finance and Industry.
Next, the Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market from 20 March 2020. The foreign shareholding amount stood at 4,502,679 shares of four listed companies (FMI, MTSH, TMH and EFR) on the exchange as of January-end 2021. Furthermore, YSX launched pre-listing board (PLB) on 28 September 2020 to provide unlisted public companies with fund-raising opportunities and build a bridge toward listing on YSX, YSX stated.
The YSX was launched three years ago to improve the private business sector. It disseminates rules and regulations regarding the stock exchange and knowledge of share trading through stock investment seminars. The stock exchange has also sought the government’s support to get more public companies to participate in the stock market and help more institutional investors, such as financing companies, investment banks, and insurance companies, to emerge. Amid the COVID-19 crisis, Myanmar’s securities market has been able to continue operating without stopping trading.
According to the annual report released by the exchange, a total of K12.6 billion worth of 1.87 million shares by six listed companies were traded on the Yangon Stock Exchange (YSX) in 2020, a significant drop compared to 2019. Over 2.4 million shares from five listed companies, valued K13.39 billion, were traded on the exchange in 2019.—Ko Htet (Translated by Ei Myat Mon)

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