The Port Moresby stock exchange (POMSoX) is the official stock exchange of Papua New Guinea, established in 1998. The establishment of stock markets, practices relating to the offering of securities to the public and related purposes are regulated by the Securities Act of 1997 and Securities Regulation of 1999.
In accordance with the Securities Act, the Takeovers code was formulated in 1998 to encourage the efficient allocation of resources, encourages competition for the control of companies and assist in ensuring that the holders of securities in a take-over are treated fairly.
Currently only ten companies in Papua New Guinea are listed on POMSoX, and trading in shares on this stock exchange is not active. A number of Papua New Guinea incorporated companies are quoted on the Australian Stock Exchange (ASX) and many foreign-owned enterprises have holding companies quoted in the United States, Europe or Asia.
There is a limited market in unlisted Papua New Guinea shares, dealt with by Kina Securites Limited. There are no financial futures or commodity markets in Papua New Guinea; most commodities and primary produce are bought and sold on overseas markets.
Our Advisory team is able to provide you with advice on mergers and acquisitions, disposals, private equity and strategic actions.
