The Myanmar government has shortlisted five companies for listing in the first-ever stock exchange of the Southeast Asian country, local newspaper Pyi Myanmar reported.
Myanmar has been working for establishing the stock exchange since 201 and opted Daiwa Institute of Japan over Korean competitors as partners.
“We are preparing for the stock exchange that we never have before. We would operate absolutely in 2015,” deputy finance minister Maung Maung Thein said in a press conference.
The government said it would release the names of companies that could list in the stock exchange in 2014.
“There have been five companies that we expect to have the capacity to register at the stock exchange,” the deputy minister said.
He did not disclose the names of companies.
The private companies will have to meet requirements of the stock exchange and will not be able to list at the stock exchange even if they get nod of approval from Myanmar Investment Commission.