Competency Business Solutions, an accounting firm, has been approved as a registration adviser for the Pre Listing Board, the secondary market of the Yangon Stock Exchange, U Min Thu, executive senior manager of the Yangon Stock Exchange, said.
Previously, three companies, Trust Venture Partners, Maximax Solution Services and Myanmar Enterprise Solutions, were approved as registration advisers for the Pre Listing Board. The company approved now is the fourth registration adviser.
These Registration Adviser companies will provide technical assistance to public companies wishing to be included in the Pre Listing Board. Public companies wishing to be included in the Pre Listing Board will have rights to choose to hire one of the four companies and receive technical assistance as well as one of the six Securities Exchange companies approved for the Main Board.
The four companies approved as registration advisers are companies that are specifically approved for the Pre-listing board. Therefore, they cannot provide services to public companies that want to be included in the Main Board. Currently, MADPL is conducting daily share trading on the Pre-listing Board. This year, an agriculture-based public company is preparing to join the Pre-listing Board, according to the Yangon Stock Exchange.
