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Finance

TMH Telecom set to become Myanmar's first true IPO

Equipment maker serves as a test case for nation's infant stock market

The Yangon Stock Exchange has listed only four companies since its debut in March 2016.

YANGON -- TMH Telecom gained approval Monday to become only the fifth corporation to go public in Myanmar's fledgling stock market -- and the first to raise fresh capital through an initial public offering.

The listing is expected to occur in January, though the announcement of the float's approval by the Yangon Stock Exchange did not specify a time frame.

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