Firms face financial accuracy issues ahead of bourse launch - TopicsExpress

Firms face financial accuracy issues ahead of bourse launch Myanmar companies might not be ready for the scheduled launch of the country’s stock exchange in 2015.Water and soda manufacturing conglomerate Loi Hein plans to open its books next March to the Daiwa Institute of Research, which is providing IT support to help develop the exchange. Only about eight companies might be listed on the exchange when it opens. These are expected to include First Myanmar Investment (FMI), First Private Bank and Asia Green Development (AGD).Myanmar Citizens Bank and Forest Products Joint Venture Corp are currently traded over-the-counter and are also considered to be among those that would list. K.Z.Mon

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