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Entrepreneurs should establish public companies to increase numbers of listed companies without relying only on bank loans, says MoPF UM

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The seventh meeting of the Myanmar Securities and Exchange Commission is underway.

The stock exchange accepts the public companies as listed companies to trade the shares and the business people should not rely only on bank loans and should establish more public companies in international standards, and the commission should keep eye on the operations to increase the numbers of listed companies, said Union Minister for Planning and Finance U Win Shein during the 7/2022 meeting of the Myanmar Securities and Exchange Commission yesterday.
It permits the Pre-Listing Board (PLB) a secondary market of the Yangon Stock Exchange to increase the numbers of listed companies and some restrictions are eased for the SMEs to register at the PLB. Such action can support the capital market growth and economic development of the country.
Moreover, the increase of listed companies at YSX plays a key role to improve the capital market and they should be well-organized and firm public companies. On the other hand, the investors can grab the chances to change their purchased stock shares of listed companies of YSX into their investors, the Union minister said.
Currently, the shares of seven listed companies are trading through six Securities Companies. A total of 44,809 people opened accounts at these companies and it shows 4.1 per cent of growth per year. The market investment value of seven listed companies is K581.515 billion as of end-July. — MNA

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