Holdings in the Company

RNS Number : 3885G

Myanmar Investments Intl Ltd

06 May 2014

 

6 May 2014

Myanmar Investments International Limited (the "Company")

Holdings in the Company

Myanmar Investments International Limited, the AIM listed Myanmar focused investment company, announces that it was informed on 6 May 2014 that, following sales of ordinary shares of no par value in the Company ("Ordinary Shares") Hansabay Pte Limited now has a total interest in 380,000 Ordinary Shares, representing 5.99% of the Company's total issued ordinary share capital.

For further information please contact:

Aung Htun Managing Director Myanmar Investments International Ltd [phone] [phone] [e-mail]	Michael Dean Finance Director Myanmar Investments International Ltd [phone] [phone] [e-mail]
Nominated Adviser Philip Secrett / Melanie Frean/ Jamie Barklem Grant Thornton UK LLP [phone]	Broker Nick Naylor/ Chris Crawford Allenby Capital Limited [phone]

Notes to Editors:

Myanmar Investments is the first Myanmar focused investment company to be admitted to trading in London and has been established for the purpose of investing in businesses operating in or with business exposure to Myanmar. The Company will target businesses operating in sectors that the Directors believe have strong growth potential and thereby can be expected to provide attractive yields, capital gains or both. In addition to investing into local businesses the Company will also partner with foreign companies investing in Myanmar.

Myanmar, a country of approximately 60 million people and roughly the size of France, has been isolated for much of the last 50 years. Once 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 and has been the subject of sanctions imposed on it by the EU and the US, amongst others.

The Company's primary objective is to build capital value over the long term by making investments in a diversified portfolio of Myanmar businesses that will benefit from Myanmar's re-emergence.

For more information about MIL, please visit www.myanmarinvestments.com

 

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