BUSINESS – Myanmar Film Development Company publicly listed

The Myanmar Film Development Company (MDFC) has been floated as a publicly listed company with shares now available for purchase. The MDFC, founded by many well-known faces of the Burmese film industry, has already sold most of the 150,000 shares placed on sale, according to a company spokesperson. Shares were made available primarily to members of the film industry, although 5,000 are now available to the general public. The MDFC has announced that profit from the sale will be spent on the building a DVD factory in Rangoon.