First ever PLB registered MAGDPL starts selling shares on 14 August

Myanma Agricultural & General Development Public Co., Ltd (MAGDPL), the first-ever registered company on the Pre-Listing Board (PLB), is scheduled to sell its shares on 14 August 2024, according to the Yangon Stock Exchange.
The MAGDPL was established as a public company on 11 September 2021, led by the majority of the executives of Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association. As of 31 March 2024, 109 shareholders invested in the company, holding 1,006,035 shares. The market value of the total shares is over K10 billion (a share is worth $10,000).
MAGDPL also invests in Myanmar Thilawa SEZ Holdings Public Company Limited (MTSH) and Myanmar National Telecom Holdings Public Company Ltd (MNTH), sourcing agricultural products locally and exporting them.
MAGDPL entered into a 50-year BOT (Build-Operate-Transfer) agreement with Myanma Port Authority for Thilawa Port Area Plot No 29 on 27 April 2016 after the Ministry of Commerce gave the green light to proceed with the project outlining the development and construction of an international jetty along with associated facilities are to facilitate commercial activities within the Thilawa Port area.
It also received a certificate to establish an international standard Myanmar Commodity Exchange Centre on 24 March 2016 that can conduct all spot and future transactions of agricultural and oil seed products as per the global rules and regulations, without the need for trust-based practices.
U Tun Lwin is the chairman of MAGDPL, and the board of directors is comprised of a managing director, an independent director, and 20 director board members. The company comply with corporate governance practices, principles and guidelines with three committees: Nomination Committee, Audit Committee and Remuneration Committee (Investor Relationship Department, Admin & HR Department, Finance Department)
It has been arranging a multi-purpose international port terminal for handling agricultural and oil seed products at Thilawa Port Area Plot No 29 to construct and lease the warehouses, siloes and other related commercial buildings for the storage of pulses, maize, sesame seeds and other agricultural products and imported agricultural inputs.
It has been making efforts to develop the transition of Myanmar’s agricultural sector and sustainable development and drive to set new standards for international trade and logistics.
Investors can purchase shares of MAGDPL from 14 August 2024 through securities companies: Myanmar Securities Exchange Centre Co Ltd, KBZ Stirling Coleman Securities Co Ltd, CB Securities Limited, AYA Trust Securities Co Ltd, KTZ Ruby Hill Securities Co Ltd and UAB Securities Limited. — NN/KK