Notice of AGM

RNS Number : 4858I

Myanmar Strategic Holdings Ltd

09 August 2019

 

09 August 2019

Myanmar Strategic Holdings Ltd.

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

Notice of AGM

The Board of Myanmar Strategic Holdings (LSE: SHWE), an independent developer and manager of consumer businesses located in Myanmar, announces that its Annual General Meeting ("AGM") will be held in Singapore at 80 Raffles Place, #33-00 UOB Plaza 1 Singapore 048624 on Thursday, 5 September 2019 at 10:00am (Singapore time).

A copy of the Notice of AGM and associated proxy form have today been posted to Shareholders and will shortly also be available on the Company's website at https://ms-holdings.com. Members unable to attend the AGM in person may participate via videoconference, the details of which are included in the Notice of AGM.

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

Myanmar Strategic Holdings Ltd. Richard Greer, Independent Non-Executive Chairman Enrico Cesenni, Founder and CEO	[e-mail] [e-mail]
Allenby Capital Limited (Broker) Nick Athanas Nick Naylor Nicholas Chambers	[phone]
Yellow Jersey PR (Financial PR) Felicity Winkles Henry Wilkinson	[phone]

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. 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 is also set to launch its first international school, the Yangon American International School in Yangon, in August 2019. Refurbishment of the Yangon American facilities was completed in May 2019 and enrolment of students is currently underway.

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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