TIDMSHWE
RNS Number : 2802V
Myanmar Strategic Holdings Ltd
20 July 2018
20 July 2018
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group")
Partnership with MCTA:RVi Academy Mandalay to provide English
language training
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, is pleased to
announce that it will be partnering with the MCTA:RVi Academy
Mandalay ("MCTA"), the international school dedicated to providing
high quality education to the best and brightest young people in
the region, to provide English language training within the
premises of MCTA's Mandalay campus.
Under the terms of the two-year partnership, commencing today,
MSH will build an on-site learning centre dedicated to MCTA's
senior students. The cost of setting up and operating the centre
will be entirely absorbed by MSH. Under the agreement, MSH will
receive a management fee linked to the operating performance of the
operations managed by MSH under the partnership with MCTA.
MSH has a long-standing commitment to English language learning
which culminated in its partnership with Wall Street English in
August 2016. MSH's Board believe that English proficiency
accelerates the transfer of knowledge and fosters social mobility
by enabling talent to flourish. Since the opening of the Company's
first Wall Street English centre in 2017, it has helped over 1,800
students and participated in several teaching programmes in aid of
capacity building within the local communities. Among other
initiatives, Wall Street English provided English language courses
to officials within the Directorate of Investment and Company
Administration.
Enrico Cesenni, Chief Executive Officer of Myanmar Strategic
Holdings: "We are delighted to partner with MCTA and bring Wall
Street English's best-in-class blended learning methodology to
Mandalay. Both organisations are focused on providing high quality
education to the best and brightest people in the region and
English language learning should significantly accelerate the
development of the region and widen the horizons of the local
population."
U Myint Naying, Chairman of MCTA:RVi Academy Mandalay and Argus
Ang, Chief Executive Officer of RVi Group: "We are proud to
announce our partnership with Wall Street English and to offer our
students this unique learning opportunity. After a long selection
process, we believe that Wall Street English offers the unique
English language training in the country and that its flexible and
blended learning methodology will be easily integrated within
MCTA's current curriculum. We look forward to growing this
partnership and creating further opportunities to improve the
quality of education in the Mandalay region."
For more information please visit www.ms-holdings.com or
contact:
Myanmar Strategic Holdings
Ltd. enrico@ms-holdings.com
Enrico Cesenni, Founder and
CEO
Allenby Capital Limited (Broker)
Nick Athanas
Nick Naylor
Nicholas Chambers +44 (0)20 3328 5656
Yellow Jersey PR (Financial
PR)
Georgia Colkin
Joe Burgess
Henry Wilkinson +44 (0) 7769 325254
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.
Wall Street English
Founded in Italy in 1972, acquired by Pearson in 2010 and
currently owned by a private equity consortium, Wall Street English
("WSE") is one of the largest global English language learning
franchises in the world. WSE currently serves over 180,000 students
across 400 learning centres located in Asia, Europe, Latin America
and the Middle East. Utilizing both company-owned and franchised
centres, WSE has provided instruction to over 3 million people.
Under the Area Development Agreement, MSH acquired the exclusive
rights to develop up to ten WSE centres over the course of ten
years. While Wall Street English will licence the WSE brand and
provide the related learning methodology and educational materials,
MSH will be responsible for identifying suitable locations, fitting
out the centres and managing day to day operations, amongst other
owner responsibilities.
In November 2017, Pearson agreed to sell WSE to a consortium
consisting of funds affiliated with Baring Private Equity Asia and
CITIC Capital. The acquisition completed in March 2018.
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END
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