DAIWA SECURITIES GROUP INC. October 8, 2015 Daiwa Securities Group Inc.
Attention
This document is an unofficial translation of a press release announced on October 8, 2015, by Daiwa Securities Group Inc. The original press is in Japanese.
Regarding a securities license in the Republic of the Union of Myanmar
On October 7, 2015, Myanmar Securities Exchange Centre (hereinafter 'MSEC'), an affiliate company of Daiwa Securities Group Inc. (President & CEO: Takashi Hibino) in the Republic of the Union of Myanmar (hereinafter 'Myanmar'), has been informed that the Securities and Exchange Commission of Myanmar will issue Underwriting License to MSEC after MSEC completes the necessary procedures.
Myanmar is a country that has recently been attracting global attention with its huge population, rich natural resources, and with a geopolitical significance lying between India and China.
With the start of the President Thein Sein's Administration in March 2011, Myanmar has accelerated its economic growth and capital markets development. Yangon Stock Exchange is expected to start operating within this year, and attracting high expectations towards its future development.
In 1996, Daiwa Securities Group (hereinafter 'Daiwa') and Myanma Economic Bank, a state-owned bank, jointly established MSEC, and since then, Daiwa has supported the Myanmar capital market through initiatives including: providing information on the local investment opportunities, and operating over-the-counter stock market. Daiwa will continue contributing to the development of Myanmar's economy through MSEC, by providing financial services to further fulfill our clients.
Overview of Myanmar Securities Exchange Centre
Name: Myanmar Securities Exchange Centre Co., Ltd. Date of establishment: May, 1996
Shareholders: Myanma Economic bank (50%), Daiwa International Holdings* (50%) Location: 1st Floor MEB (H.O) Bldg. 21-25 Sule Pagoda Road, Yangon, Myanmar
*wholly-owned subsidiary of Daiwa Securities Group Inc.
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