Myanmar Investments Intl Ltd Holdings in Company (6239Z)
September 04 2018 - 1:01AM
UK Regulatory
TIDMMIL
RNS Number : 6239Z
Myanmar Investments Intl Ltd
04 September 2018
4 September 2018
Myanmar Investments International Limited
Holdings in the Company
Myanmar Investments International Limited, the AIM listed
Myanmar focused investment company, announces it was informed on 3
September 2018 that, pursuant to a private reorganization,
Incagrove Limited's shareholding of 2,103,258 ordinary shares of no
par value in the Company ("Ordinary Shares") have been transferred
to two separate entities.
As a result Incagrove Limited now has no further interest in any
Ordinary Shares but Chasophie Group Limited now holds 1,601,086
Ordinary Shares representing 4.3% of the Company's total issued
ordinary share capital.
- Ends -
For further information please contact:
Craig Martin Michael Dean
Managing Director Finance Director
Myanmar Investments International Myanmar Investments International
Limited Limited
+95 (0) 1 391 804 +95 (0) 1 391 804
craigmartin@myanmarinvestments.com mikedean@myanmarinvestments.com
Nominated Adviser Broker
Philip Secrett / Jamie Barklem William Marle / Giles Rolls
Grant Thornton UK LLP finnCap Ltd
+44 (0) 20 7383 5100 +44 (0) 20 7220 0500
For more information about MIL, please visit
www.myanmarinvestments.com
Notes to Editors
Myanmar Investments International Limited (AIM: MIL) was the
first Myanmar-focused investment company to be admitted to trading
on the AIM market of the London Stock Exchange. MIL was established
in 2013 with the intention of building long-term shareholder value
by proactively investing in a diversified portfolio of Myanmar
businesses that will benefit from the country's re-emergence and
ongoing economic development. The Company is led by an experienced
and entrepreneurial team who between them have considerable
industrial, corporate and financial management experience.
MIL aims to identify investments with strong growth which if
necessary can be "de-risked" through the introduction of
experienced senior line-management, mentors and/or strategic
partners sourced by MIL's management board. The Company's main
focus is on opportunities that are experiencing acute supply and
demand imbalances.
MIL provides investors with a highly disciplined and
conservative investment process into one of the most promising
growth opportunities of this era.
MIL's largest investment to-date (US$21 million investment for a
9.0 per cent effective shareholding) is in Apollo Towers, Myanmar's
second largest telecommunications towers company with 1,800 towers.
Apollo operates in the high growth telecommunications sector with a
strong management that is growing the number of co-locations (i.e.
multiple tenancies) on its portfolio of towers. In June 2016, OPIC
provided a US$250 million debt facility to Apollo Towers.
MIL's first investment in August 2014 was into Myanmar Finance
International Limited ("MFIL") which today is one of the leading
microfinance companies in Myanmar. Since MIL invested, MFIL's
business has expanded rapidly. The business is profitable with a
sustainable expansion plan for long-term growth. In November 2015,
the Norwegian Government's Norwegian Investment Fund for Developing
Countries ("Norfund"), the Norwegian development finance
institution, also became a 25 per cent. shareholder in MFIL.
MIL's third investment in May 2017 was into Medicare
International Health and Beauty Pte. Ltd., ("Medicare"). This was a
greenfield pharmacy, healthcare and personal care product retail
franchise joint venture. The joint venture partners are: a) H&B
Management Solutions Pte. Ltd., which owns Medicare Vietnam, one of
the largest pharmacy, health, beauty and personal care retail group
that runs over 70 outlets in Vietnam; and b) Randy Guttery, an
industry veteran with significant experience leading Asian-based
retail concepts. It is expected that Medicare will fill a vacuum in
the present retail landscape and at the same time tap into the
rapid growth of the middle and affluent classes in Myanmar.
Myanmar, a country of approximately 54 million people and
roughly the size of France, has been isolated for much of the last
50 years. Once it was one of the more prosperous countries in
Southeast Asia as it has an abundance of natural resources (oil,
natural gas, arable land, tourist attractions and a long
coastline), it is now one of the least developed countries in the
world.
For more information about MIL, please visit
www.myanmarinvestments.com
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END
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