Myanmar will let foreign companies and individuals invest in the Yangon Stock Exchange as they seek to boost the nation’s lone bourse, according to Dealstreetasia.
Myanmar’s Securities and Exchange Commission issued the notice on Friday.
Foreign investors will be permitted to hold stakes totaling up to 35% in companies trading in Yangon. No concrete start date was given, but market watchers expect such trading to open by the end of the year.
Meanwhile, Japan’s second-largest securities brokerage firm, Daiwa Securities Group has committed US$30 million to a fund specifically targeting Myanmar, according to Kr-asia.com.
The fund aims to help start-ups.
The Daiwa Myanmar Growth Fund said in a statement that the fund will invest primarily in unlisted and fast-growing private companies operating in Myanmar.