Holding(s) in Company

RNS Number : 7779U

Myanmar Strategic Holdings Ltd

16 July 2018

 

16 July 2018

Myanmar Strategic Holdings Ltd.

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

Holding in Company

Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent developer and manager of consumer businesses located in Myanmar, one of the fastest growing economies in the world, announces that it has been informed today that, following a purchase of 8,093 ordinary shares of no par value in the Company ("Ordinary Shares") on 14 June 2018, NDC Advisors Ltd is now interested in 101,019 Ordinary Shares representing 4.08 per cent. of the Company's existing issued share capital.

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

Myanmar Strategic Holdings Ltd. Enrico Cesenni, Founder and CEO	[e-mail]
Allenby Capital Limited (Broker) Nick Athanas Nick Naylor Nick Chambers	[phone]
Yellow Jersey PR (Financial PR) Georgia Colkin Joe Burgess Henry Wilkinson	[phone] [phone] [phone]

Notes to editors

Myanmar Strategic Holdings Ltd.

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

Hospitality sector: through its portfolio the Company currently manages over 470 beds across 4 boutique hotels in 3 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.

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, as of March 2018, they served over 1,000 students. Through the franchise MSH also partnered with the Directorate of Company Administration in Myanmar to provide English language courses to its civil servants. A third centre is scheduled for opening in August 2018.

The Company has 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.

Services sector: through its recent acquisition of EXERA, the Company now offers safety, security and cash in transit services. Founded in 2013, EXERA employs approx. 1,000 guards making it one of the largest safety and security operators in Myanmar.

Myanmar was one of the fastest growing economies in Asia in 2017 (Source: Asian Development Bank). In 2018, its annual GDP growth is expected to be about 8.0% (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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