![](https://thadinn.com/wp-content/uploads/2023/11/43-5-1024x576.jpg)
MYANMAR – In a press conference held on November 15, Minister of Planning, Finance and Investment Tin Tun Naing of the National Unity Government announced that 10 percent of the shares of Spring Development Bank (SDB) will be sold.
The shares will be sold on November 17, and November 17 to 27 is set as the share purchase registration period.
Registration must be done by November 27, and distribution activities will be carried out on November 30 and December 1. If anyone wants to buy shares, he or she can buy them from the place where they opened an account, or from the Spring Development Bank’s network in 22 countries.
Mr Tin Tun Naing, Union Minister of the Ministry of Planning, Finance and Investment, said that Spring Development Bank is a bank that has acquired a legal license for banking and financial services from the Interim Central Bank of the National Unity Government, adding that the bank will be owned by NUG with the government holding 51 percent of all shares and a maximum of 49 percent will be sold to the public.
The value of all shares is set at 100 million US dollars, and 10 million will be sold to the public, starting at 10 dollars per share, and the sale this time is the first batch of sales, a Spring Development Bank official said at the press conference.
Union Minister of Planning, Finance and Investment Tin Tun Naing of the National Unity Government also said that the sale of the shares will be used in important sectors of the revolution.