Big new share offerings in Papua New Guinea
Updated
Papua New Guinea is to get its first-ever listed investment company with the launch today, of Kina Asset Management Ltd. Shares are on offer to the PNG public for one kina a share but investors must start with a minimum bundle of 500 shares. The launch of Kina Asset Management follows hot on the heels of a share offer earlier this month by Airlines PNG, Papua New Guinea's first airline to offer a stake to the PNG public. Syd Yates, is one of the founding father's of the Port Moresby Stock Exchange and Managing Director of Kina Securities, the parent company of Kina Asset Management.
Presenter:Jemima Garrett
Speaker:Syd Yates, Managing Director of Kina Securities
