The Secretary of Finance is announcing the resumption of sale of the National Government’s Bank of FSM Shares to the public, effective January 01, 2025. These shares are available for purchase by FSM citizens only.
The National Government’s shares in the Bank of the FSM Shares will be offered to the public at the value of $30.00 per share.
The Secretary of Finance shall monitor the sales progress and the market conditions, and may adjust the sale price if necessary, in consultation with the Bank of FSM.
No individual may acquire direct or indirect ownership or control of more than 2.5% percent of the voting shares of the bank.
Should you require any further information or clarification regarding this matter, please contact Ms. Senny Phillip at senny.phillip@gov.fm or Mr. Adino Ehmes at adino.ehmes@dofa.gov.fm or call phone number 320-2639.
Kalahngan.
Rose N. Nakanaga
Secretary, Department of Finance & Administration
