PNGX Group and MUFG Pension & Market Services announced that they have reached agreement for PNGX Group to acquire PNG Registries from MUFG Corporate Markets, a division of MUFG Pension & Market Services. The transaction is subject to clearance by the ICCC.
The proposed acquisition represents a significant milestone in the strategic development of the country’s financial infrastructure and capital markets. If cleared, the transaction will see PNG Registries become part of PNGX Group, combining strengths and capabilities to better serve customers and support long-term market growth.
“This is a transformative opportunity for both organizations and for the capital markets as a whole,” said David Lawrence, Chairman of PNGX Group. “If cleared, the integration of PNG Registries into our group will not only enhance our service offering but also help drive innovation and efficiency in financial market operations.”
“PNG Registries has been an integral part of our business and operations since 2007. We would like to thank all of our clients for their partnership and support during this time, and sincerely thank our people, whose dedication and commitment is second to none. This opportunity presents the right time to pass the business into new ownership, and we are confident that PNGX Group will take the business to its next phase of growth,” said Lysa McKenna, CEO of MUFG Corporate Markets.
PNG Registries is a key provider of securities registry services, and the proposed acquisition will strengthen the foundation for capital market modernization.
Part of a Broader Market Development Strategy
The acquisition is aligned with broader national efforts to strengthen the capital market ecosystem. In due course, it is expected to support the end-to-end automation of trading, settlement, and registration processes, enabling a more modern, transparent, and efficient market platform. This development is intended to enhance liquidity and facilitate broader market participation.
Continuity for Customers
Until regulatory clearance is obtained, PNG Registries and PNGX Group will continue to operate as separate businesses. There will be no changes to services or operations in the interim. Customers and partners of both companies have been notified and will be kept informed as the process progresses.
MUFG Pension & Market Services and PNGX Group are committed to a smooth and transparent transition, with a focus on continuity and customer service.
PNGX Group is a diversifying business services company based in Port Moresby.
PNGX Markets Limited (PNGX Markets), a wholly owned subsidiary of PNGX Group, is the operator of Papua New Guinea’s national stock exchange and is responsible for providing an orderly and fair market in relation to securities traded through its facilities, and for acting in the public interest, having regard to the need for investor protection. PNGX Markets is regulated and licensed by the Papua New Guinea Securities Commission. PNGX Markets is the National Numbering Agency for Papua New Guinea.
MUFG Pension & Market Services is a member of MUFG, a global financial group. We are a global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets – safely, securely, and responsibly.
Through our two market-leading businesses, MUFG Retirement Solutions and MUFG Corporate Markets, we partner with a diversified portfolio of global clients to provide robust, efficient, and scalable services, purpose-built solutions, and modern technology platforms that deliver world-class outcomes and experiences.
We help manage regulatory complexity, improve data management, and connect people with their assets through exceptional user experience that leverages the expertise of our people combined with scalable technology, digital connectivity, and data insights.
PNG Registries is a wholly owned subsidiary of MUFG Pension & Market Services and is the leading provider of integrated registry services for companies listed on Papua New Guinea’s national stock exchange.
PNG Registries provides clients with a comprehensive registry offering, which includes shareholder management, stakeholder engagement, dividend and meeting services, as well as specialist offerings such as corporate action services.
