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RNS Number : 2721L
Myanmar Strategic Holdings Ltd
05 September 2019
 

5 September 2019

 

Myanmar Strategic Holdings Ltd.

 

("MSH" or the "Company" or the "Group")

 

Result of AGM

 

Myanmar Strategic Holdings (LSE: SHWE), an independent developer and manager of consumer businesses located in Myanmar, is pleased to announce that at the Company's Annual General Meeting, held earlier today, all resolutions were duly passed.

 

For more information please visit www.ms-holdings.com or contact:

Myanmar Strategic Holdings Ltd.

Richard Greer, Independent Non-Executive Chairman

Enrico Cesenni, Founder and CEO

 


[email protected]

[email protected]

 

Allenby Capital Limited (Broker)

Nick Athanas

Nick Naylor

Nicholas Chambers

 

+44 (0)20 3328 5656 

 

Yellow Jersey PR (Financial PR)

Felicity Winkles

Henry Wilkinson

+44 (0)20 3004 9512

 

 

Notes to editors

Myanmar Strategic Holdings Ltd.

Myanmar Strategic Holdings Ltd. is an independent developer and manager of consumer businesses located in Myanmar, one of the fastest growing economies in the world. The Company's portfolio currently focuses on Education, Services and Hospitality with the view to expand within the broader consumer sector in Myanmar.

Education sector: the Company currently has exclusive development and franchising agreements with Wall Street English for ten English language centres across Myanmar over the course of the ten-year agreement. Two centres were opened in 2017 and a third was opened in August 2018. In August 2019, MSH announced the planned launch of a fourth Wall Street English centre in Mandalay. As of March 2019, Wall Street English Myanmar served ca. 1,400 students. Through the franchise, MSH also partnered with the Directorate of Company Administration in Myanmar to provide English language courses to its civil servants.   

The Company also operates a joint venture with Auston Institute of Management to develop and operate the Auston College Myanmar. The private school opened in May 2018 offering diplomas in Engineering Technology, Construction Project Management and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre.

The Company has also launched its first international school, the Yangon American International School in Yangon, in August 2019.  

Services sector: through its acquisition of EXERA, the Company now offers security, risk management and secure logistics services, including cash-in-transit. Founded in 2013, EXERA employs approximately 1,100 guards making it one of the largest security services providers in Myanmar.

Hospitality sector: through its portfolio, the Company currently manages over 470 beds across four boutique hotels in three core tourist locations across Myanmar, operating under the award winning Ostello Bello budget hospitality brand. MSH operates an asset light strategy, entering into long-term operating and management agreements with local hotel owners.

Myanmar was one of the fastest growing economies in Asia in 2017 and 2018 (Source: Asian Development Bank). In 2019, its annual GDP growth is expected to be about 7% (Source: Asian Development Bank), making it one of the fastest growing economies in the world.  

MSH is well positioned to provide investors early exposure to Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects. 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Myanmar Strategic Holdings

Price: 10.25

Market: LSE
Market Cap: $25.4 m
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