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Markets

Myanmar plans alternative market to jump-start stock exchange

New platform seen as springboard for companies looking to go public

Only five companies are listed on the moribund Yangon Stock Exchange since it opened in 2016. (Photo by Yuichi Nitta)

YANGON -- Myanmar's securities regulator and the Yangon Stock Exchange are planning to establish an alternative market where investors can trade shares of unlisted companies, the Nikkei Asian Review has learned.

Dubbed the Myanmar Public Companies Board, the new market will be a steppingstone for companies to list on the fledgling Yangon Stock Exchange, according to a document obtained by Nikkei.

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