Myanmar Strategic Holdings Ltd Result of AGM (2721L)
September 05 2019 - 1:01AM
UK Regulatory
TIDMSHWE
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 richardgreer@me.com
Chairman enrico@ms-holdings.com
Enrico Cesenni, Founder and CEO
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.
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END
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