Mahathuen Leasing Public Company (MHTL) had its first day of trading on the Lao stock market on 18 Sep 2018 after it became the eighth company to list and trade shares on the local stock market . The company’s share offering sees financial advisory and security provided by the BCEL-KT Securities Company Limited. MHTL completed its Initial Public Offering (IPO) with the aim of growing its business and updating the capacity of its plant. The total funds raised amounted to about 25.6 billion kip or about 3 million USD, .
The launch ceremony was attended by Mr. Kiettikhoun Satpraserth, Ambassador of Kingdom of Thailand to the Lao PDR; Mrs. Saysamone Chanthachack, General Secretary of the Lao Securities Commission (LSC); Mr. Vanhkham Voravong, CEO of Lao Securities Exchange (LSX). Mr. Manob Trilitvilay, CEO of MHTL.
MHTL is engaged in the leasing business in Lao PDR, particularly retail finance (non real estate) since the establishment of the company. In the early stage, the Company mainly focused on Japanese made motorcycle financing such as HONDA, SUZUKI, YAMAHA and others. The Company plans to expand its branches and service units to other provinces in Lao PDR including other products by having the Company listed on the Lao Securities Exchange to raise capital fund. The company ’ s participation in the Lao stock market will help to boost socio-economic development, create job opportunities and help to upgrade Lao products to international standards.