Investments Overview
With strategic investments in three key sectors, FMI’s diverse portfolio gives investors exposure to Myanmar’s most exciting industries.
All of FMI’s subsidiaries are incorporated and have operations in the Republic of the Union of Myanmar.
All of FMI’s associates have operations in the Republic of the Union of Myanmar. With the exception of Chindwin Holdings, which is incorporated in the Republic of Singapore, all of FMI’s associates are incorporated in the Republic of the Union of Myanmar.
Please see the table below for an overview of FMI’s investments. To learn more about an individual investment, please see its corresponding page under the Investments section of this website.
| Financial Services | Real Estate | Healthcare | Portfolio Investments |
|---|---|---|---|
| Yoma Bank (51%) | Thanlyin Estate Development (30%) | Pun Hlaing Siloam Hospital (60%) | FMI Air (10%) |
| Digital Money Myanmar (44%) | FMI Garden Development (47.5%) | Yoma Siloam Hospital Pun Hlaing (60%) | Chindwin Holdings (30%) |
| Meeyahta International Hotel (20%) | Parkson Myanmar (10%) | ||
| Pun Hlaing Links (30%) | Myanmar Agri-Tech (30%) | ||
| LSC-FMI (50%) | Myanmar Thilawa SEZ Holdings Public (2.5%) |
Diversified conglomerate First Myanmar Investment Company (FMI), owned by Serge Pun, who also chairs Singapore SGX Mainboard-listed Yoma Strategic Holding Ltd, could be on its way to become the first publicly-traded stock on the Yangon Stock Exchange, which is expected to go live on December 9, according to a report in Bloomberg.
Yangon Stock Exchange, that is making a debut to give a spur to the pre-emerging economy of Myanmar, is a joint venture between Myanmar Economic Bank, Daiwa Securities Group, and Japanese Stock Exchange.
The likely first entrant on the Yangon bourse, FMI, works closely with sister companies Serge Pun & Associates (SPA) and Yoma Strategic Holdings Ltd, a Singapore-listed realty developer, with diversified interests in consumer, automotive, agriculture & logistic and tourism businesses in Myanmar.
FMI has interests in banking (Yoma Bank), aviation (FMI Air), healthcare and real estate. Established in 1992, FMI’s Initial Public Offering was fully subscribed and subsequent rights issues and new issues have also always been successful, according to information on its website.
All three companies are chaired by U Theim Wai (Serge Pun), and are often involved in the same projects. While FMI is a Myanmar public company, SPA is privately held.
Pun said, application for the listing was submitted four months ago. While First Myanmar Investment does not plan to sell any new shares, Pun said, in the Bloomberg report, “we hope to be the catalyst for the exchange.”
Dr Maung Maung Thein, chairman of the securities exchange supervisory commission, said last week that there are about five companies that will start selling the shares on the Yangon Stock Exchange. For securities companies to participate on the exchange, the rules stipulate that the joint venture firms need to hold an initial capital of K15 billion ($15 million).
The Securities Exchange Commission of Myanmar, which was formed in August 2014, came out with detailed guidelines on the procedures that public companies need to follow. As in the Myanmar Company Act, a prospectus used for the public offering must include an auditor’s report on the profits of the company, its subsidiaries, the rates of dividends for the last three year.
Read more at: https://www.dealstreetasia.com/stories/sgx-listed-yoma-affliate-fmi-likely-to-debut-on-brand-new-yangon-stock-exchange-next-week-22268/
Read more at: https://www.dealstreetasia.com/stories/sgx-listed-yoma-affliate-fmi-likely-to-debut-on-brand-new-yangon-stock-exchange-next-week-22268/
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