30 November 2018
BSP Capital sells Port Moresby Stock Exchange shareholding in order to comply with PNG's Capital Markets Act, 2015.
Pacific Capital Markets Development Pty Limited [PCMD] agreed to acquire BCAP's entire POMSOX shareholding earlier today. PCMD's immediate objective will be to enhance the fundamentals of its market structure and to put in place processes, systems and a broader ecosystem that will enable the market to expand.
David Lawrence has over 30 years of experience in the operation of markets. He has previously held senior roles at the ASX, the Sydney Stock Exchange and the Tianjin Mining Exchange in China.
Frank Dunphy has more than 25 years experience in stockbroking, funds management and the operation of stock exchanges. He was previously Managing Director of the Bendigo Stock Exchange and Chairman of the Port Moresby Stock Exchange.
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Gorethy Semi, Head of Marketing & Public Relations [305 7765]