Myanmar public company to sell shares to public soon

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Thilawa1A Myanmar public company, which is one of the two Myanmar companies formed in joint venture with two Japanese counterparts to develop the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, will sell its shares to the public soon, official media reported on November 1 without specifying the date of the move, according to Mizzima.

Two Myanmar companies and two Japanese companies established a joint venture under the name of Myanmar-Japan Thilawa Development Co Ltd in Tokyo, Japan on Oct. 29 to operate the SEZ project.

The two Myanmar companies are the government’s Thilawa SEZ Management Committee and the Myanmar Thilawa SEZ Holdings Public Co Ltd, while the two from Japan are MMS Thilawa Development Co Ltd and Japan International Cooperation Agency (JICA), said the New Light of Myanmar.

The joint venture’s share ratio is 51 per cent held by Myanmar and 49 per cent by Japan. The joint venture company will start implementing the first phase of Thilawa SEZ in accord with international standards in mid-2015, the report added.

The planned Thilawa SEZ project includes factories, high-tech industry, textile, labor intensive industry and manufacturing industry. It is covering an area of over 2,000 hectares lies between Thanlyin and Kyauktan townships in Yangon region.

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Reading Time: 1 minute

A Myanmar public company, which is one of the two Myanmar companies formed in joint venture with two Japanese counterparts to develop the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, will sell its shares to the public soon, official media reported on November 1 without specifying the date of the move, according to Mizzima.

Reading Time: 1 minute

Thilawa1A Myanmar public company, which is one of the two Myanmar companies formed in joint venture with two Japanese counterparts to develop the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, will sell its shares to the public soon, official media reported on November 1 without specifying the date of the move, according to Mizzima.

Two Myanmar companies and two Japanese companies established a joint venture under the name of Myanmar-Japan Thilawa Development Co Ltd in Tokyo, Japan on Oct. 29 to operate the SEZ project.

The two Myanmar companies are the government’s Thilawa SEZ Management Committee and the Myanmar Thilawa SEZ Holdings Public Co Ltd, while the two from Japan are MMS Thilawa Development Co Ltd and Japan International Cooperation Agency (JICA), said the New Light of Myanmar.

The joint venture’s share ratio is 51 per cent held by Myanmar and 49 per cent by Japan. The joint venture company will start implementing the first phase of Thilawa SEZ in accord with international standards in mid-2015, the report added.

The planned Thilawa SEZ project includes factories, high-tech industry, textile, labor intensive industry and manufacturing industry. It is covering an area of over 2,000 hectares lies between Thanlyin and Kyauktan townships in Yangon region.

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