TIDMSHWE
RNS Number : 1161D
Myanmar Strategic Holdings Ltd
17 February 2020
17 February 2020
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group")
MSH opens fourth Wall Street English centre
Myanmar Strategic Holdings (LSE: SHWE), an independent developer
and manager of consumer businesses located in Myanmar, is pleased
to announce that, further to the announcement made on 6 September
2019, the Company's fourth Wall Street English language centre has
officially opened.
The opening follows the successful establishment of the first
three Wall Street English learning centres, supported by MSH, which
opened in February 2017, December 2017 and August 2018,
respectively and currently serve approximately 1,550 students.
The latest centre, which is expected to have capacity for 800
students, spans 650 square metres and is located in the Mingalar
Mandalay shopping mall in central Mandalay, Myanmar's
second-largest city. The centre will operate according to
internationally recognised standards and will offer students access
to a first-rate English language education using a blended learning
methodology with students able to complete lessons online and
attend classes in person at the centre.
MSH is committed to the expansion of the Wall Street English
brand across Myanmar, in-line with the terms of the exclusive
education agreement signed in August 2016 with Wall Street English.
The Company continues to assess a number of growth opportunities to
meet the target of opening up to ten Wall Street English centres in
Myanmar over the course of the ten-year agreement.
Commenting, Alain Thibault, Chief Executive Officer of Wall
Street English Myanmar, said: " We are delighted to announce the
opening of the fourth Wall Street English centre in Myanmar and the
first outside of Yangon. Following success at our other three
centres, we believe that now is the opportune moment for us to
increase Wall Street English's presence further across the country,
while strengthening our position in this growing sector.
"Quality English language tuition remains in high demand in
Myanmar, particularly in more popular areas such as Mandalay and
Yangon. We are consistently looking for opportunities to expand
Wall Street English's reach in Myanmar and continue to have a very
positive impact on Myanmar's society by offering our students an
unparalleled product and service, enabling them to achieve their
goals through the mastery of the English language. We have the
conviction that the establishment of the new centre in Mandalay
will be advantageous for the local population as well as for the
growth of the Wall Street English brand."
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)
Georgia Colkin
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, a third in
August 2018, and a fourth in February 2020. As of February 2020,
Wall Street English Myanmar served ca. 4,000 students since its
inception.
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, Mechanical Engineering and Networking,
Information Systems, and Security. English language learning is
also provided by the Company's nearby Wall Street English
centre.
The Company launched its first international school, the Yangon
American International School in Yangon, in August 2019.
Services sector: through its acquisition of EXERA, the Company
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 and 2020, 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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