Myanmar Strategic Holdings Ltd AGM Statement (7645W)
17 November 2017 - 6:00PM
UK Regulatory
TIDMSHWE
RNS Number : 7645W
Myanmar Strategic Holdings Ltd
17 November 2017
17 November 2017
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group")
AGM Statement
Myanmar Strategic Holdings (LSE: SHWE), the independent
developer and operator of consumer businesses located in Myanmar,
one of the fastest growing economies in the world, is holding its
Annual General Meeting at 80 Raffles Place #33-00 UOB Plaza 1
Singapore 048624 today at 5:00pm (09:00 GMT). At the meeting
Richard Greer, MSH's Non-Executive Chairman, will make the
following statement:
"I am delighted to host Myanmar Strategic Holding's first AGM as
a listed public company, following its admission to the Main Market
of the London Stock Exchange in August."
"The initial public offering marked the beginning of a
transformational period for the Company and has expedited the
execution of our growth strategy. Since the listing in August, we
have been concentrating on the expansion of our education and
hospitality divisions in Myanmar and are set to open our fourth
boutique hostel (and second in Bagan) imminently, as well as our
second Wall Street English centre in Yangon in December. This
sustained business expansion, coupled with focus on cost control,
is expected to further enhance the Group's prospects going
forward."
"From a macro perspective, the Board and management continue to
be strong believers in the Myanmar economic opportunity and believe
the country has the potential to be the next great economic growth
story. This belief is reinforced by activity we have seen elsewhere
in the Myanmar consumer market such as the recently announced
acquisition of a 75% stake in Myanmar Distillery Co., owner of
Grand Royal whisky, and its supply chain for ca. US$742 million by
Thai Bev."
"Despite recent political turmoil, Myanmar Strategic Holdings
remains dedicated to being a driving force for positive progress in
the country. Management continues to work relentlessly on
evaluating a wide range of consumer-focused opportunities across
our existing hospitality and education divisions as well as new
opportunities. We look forward to sharing further details and
updates on our operations in the first half of December 2017, when
we will be releasing our Full Year results.
"Finally, I would like to take this opportunity to thank you all
for your continued support."
For further enquiries:
Myanmar Strategic Holdings
Ltd. enrico@ms-holdings.com
Enrico Cesenni, Founder
and CEO
Allenby Capital Limited
(Broker)
Nick Athanas
James Thomas
Nick Naylor +44 (0) 203 328 5656
Yellow Jersey (Financial
PR)
Georgia Colkin
Joe Burgess
Henry Wilkinson +44 (0) 203 735 8825
This information is provided by RNS
The company news service from the London Stock Exchange
END
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