EFR Public Company to debut on YSX on 20 March


The Ever Flow River Group Public Co. Ltd (EFR) has been given the green light to list on the Yangon Stock Exchange (YSX) on 20 March, in accordance with Section 41 (c) of the Securities Exchange Law and Section 7 and 8 of the Securities Listing Business Regulations.
EFR would be the sixth public company to list on the exchange. The base price of EFR will be announced on the website on 19 March, one business day prior to the listing date, as per a notice from the YSX.
As per the company’s profile, EFR is a fully integrated logistics service provider. There are seven subsidiaries, one affiliate, and two project companies operating under the management of the EFR Group of Companies.
In 2016, shares of only three companies were traded on the YSX — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), and Myanmar Citizens Bank (MCB). One more public company, First Private Bank (FPB), was listed on the YSX in 2017. In 2018, TMH Telecom Public Co. Ltd debuted on the exchange.
More than 2.5 million shares of three listed companies were traded on the YSX in 2016, and their value was estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trade value was only K22 billion. In 2018, 2.3 million shares of five companies, worth K11.5 billion, were traded on the exchange. A total of 2.4 million shares worth K13.39 billion were traded on the YSX in 2019, a significant increase compared to the previous year, according to the annual report released by the exchange.
In January this year, 196,836 shares worth K1.25 billion were traded on the exchange, YSX’s monthly data showed.
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.
To boost trading, the YSX has doubled its stock trade matching time from two to four per day. In addition to this, it has held promotional events to attract new investors and encourage existing investors to trade more actively. 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. — Ko Htet (Translated by EMM)

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