Allen & Gledhill advised on the first bank listing on the Yangon Stock Exchange
13 Sep 2016
Our Firm is pleased to have advised Myanmar Citizens Bank (“MCB”) on its successful listing on the Yangon Stock Exchange (“YSX”), making it the first bank to be listed on the YSX. MCB was among the first six companies invited and qualified to be listed.
MCB, established in 1991, provides retail and corporate banking services in Myanmar and counts the Ministry of Commerce as one of its shareholders.
Our Capital Markets practice has strong capabilities in structuring novel and complex transactions, be they of a local or cross-border nature. We have experience in advising clients in roles as issuers, underwriters, investors and/or as shareholders in equity and equity-linked offerings. Our market insight is further enhanced by our Firm’s constant contact with the regulators of Myanmar’s capital markets, which include the Ministry of Finance, the YSX, and the Securities Exchange Commission of Myanmar.
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