Yoma's Pun Seeks New Myanmar Stock Exchange's First Listing
- Listing application submitted with no plans to issue new stock
- Pun says his listing will be `catalyst' for new stock exchange
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First Myanmar Investment Co., a conglomerate controlled by businessman Serge Pun, is aiming to be the first publicly traded company on the Myanmar stock exchange.
Pun, who is also chairman of Singapore-listed developer Yoma Strategic Holdings Ltd., said in an interview that First Myanmar doesn’t plan to sell any new shares. The company, which has businesses ranging from financial services and real estate to health care in Myanmar, submitted its application for a listing about four months ago, he said at the Bloomberg Asean Business Summit in Bangkok Friday.