PNGX Group and MUFG Pension & Market Services today announced they have reached an 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 Independent Consumer and Competition Commission (ICCC).
The proposed acquisition represents a significant milestone in the strategic development of Papua New Guinea’s financial infrastructure and capital markets. If cleared, PNG Registries will 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,” said Lysa McKenna, CEO of MUFG Corporate Markets. “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.”
PNG Registries serves as a key provider of securities registry services. The acquisition will strengthen the foundation for capital market modernization and is part of a broader market development strategy. In due course, it is expected to support end-to-end automation of trading, settlement, and registration processes, enabling a more modern, transparent, and efficient market platform. This development aims to enhance liquidity and facilitate broader market participation.
Until regulatory clearance is obtained, PNG Registries and PNGX Group will continue to operate as separate businesses. No changes to services or operations will occur 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 remain committed to a smooth and transparent transition, prioritizing 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, operates Papua New Guinea’s national stock exchange. It provides an orderly and fair market for securities traded through its facilities, acting in the public interest with regard to investor protection. PNGX Markets is regulated and licensed by the Papua New Guinea Securities Commission and serves as the National Numbering Agency for Papua New Guinea.
MUFG Pension & Market Services is a member of MUFG, a global financial group. It operates as a global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets—safely, securely, and responsibly. Through its two market-leading businesses, MUFG Retirement Solutions and MUFG Corporate Markets, it partners with a diversified portfolio of global clients. The company provides robust, efficient, and scalable services, purpose-built solutions, and modern technology platforms that deliver world-class outcomes and experiences. It helps manage regulatory complexity, improve data management, and connect people with their assets via exceptional user experiences that leverage expertise, scalable technology, digital connectivity, and data insights.
PNG Registries is a wholly owned subsidiary of MUFG Pension & Market Services and the leading provider of integrated registry services for companies listed on Papua New Guinea’s national stock exchange. It offers clients a comprehensive registry suite, including shareholder management, stakeholder engagement, dividend and meeting services, and specialist corporate action services.
