TIDMSHWE
RNS Number : 5095J
Myanmar Strategic Holdings Ltd
05 December 2018
5 December 2018
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group)
Planned launch of Yangon American International School
Myanmar Strategic Holdings (LSE: SHWE), an independent developer
and manager of consumer businesses located in Myanmar, is delighted
to announce that a US$1 million development project is underway at
its first international school, the Yangon American International
School ("Yangon American") located in Yangon, and is due to be
completed in Q2 2019 with the school targeted to launch in August
2019.
The first Yangon American campus, with planned capacity of up to
400 students, will be positioned as a leading educational
institution. The school is centrally located and only 4 km from
MSH's educational hub of Wall Street English and Auston Institute
of Management in Junction Square. It will have up to 17 classrooms
spread over 2,000 m(2) , plus a multi-use playground of more than
1,000 m(2) . Yangon American will operate classes from
pre-kindergarten through to the third grade, serving students from
the age of three to eight with revenues for MSH being generated
from student fees, admission fees and ancillary services. The
project will be entirely funded by MSH.
Yangon American will follow the Common Core State Standards, a
set of high-quality academic standards adopted across the United
States, which integrate (i) explicit, (ii) interactive and (iii)
implicit instruction. From its first classes, Yangon American will
align its curriculum with internationally recognised programmes,
such as the International Baccalaureate ("IB") and Western
Association of Schools and Colleges ("WASC"). In the future, Yangon
American will look to implement the Advanced Placement ("AP")
program in order to provide students with the best opportunity for
academic success.
The core founding team at the school will comprise of educators
and leaders with significant experience across the United States,
Europe, the Middle East and Asia. Yangon American will continue to
recruit teachers for the school over the next few years as it
grows.
In relation to the Yangon American project, the Group is also in
the process of submitting an application to the Myanmar Investment
Commission ("MIC") for an investment permit under the 2016
Investment Law following the issue of MIC Notification No. 7 of
2018 for carrying out investment activities in education
services.
Commenting on the opening, Jonathan Kolb, Partner of Myanmar
Strategic Holdings, said:
"We are delighted to announce the planned launch of the Yangon
American International School, one of the first international
schools to follow Common Core State Standards in Myanmar.
"The launch of the school further consolidates the Group's
position as one of the leading integrated education players in
Myanmar. Upon opening, Myanmar Strategic Holdings will provide high
quality education to students from pre-kindergarten all the way
through graduate studies.
"As Myanmar's economy continues to grow, demand for premium
education and better professional opportunities will increase. We
are excited to lead this trend through the provision of education
at internationally recognised standards, helping to develop a
better future for the people of Myanmar. As the first campus
reaches capacity, we will evaluate the opportunity to open
additional locations in Yangon and/or other major cities in Myanmar
such as Mandalay or Naypyidaw.
"While the Group continues to deepen its coverage of sectors
that serve consumers' primary needs, we remain committed to being a
responsible investor and a force for enrichment in Myanmar."
For more information please visit www.ms-holdings.com or
contact:
Myanmar Strategic Holdings Ltd.
Enrico Cesenni, Founder and enrico@ms-holdings.com
CEO
Allenby Capital Limited (Broker)
Nick Athanas
Nick Naylor
Nicholas Chambers +44 (0)20 3328 5656
Yellow Jersey PR (Financial
PR)
Felicity Winkles
Henry Wilkinson +44 (0) 7769 325254
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 Hospitality, Education and Services with the
view to expand within the broader consumer sector 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.
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 July 2018, Wall Street English Myanmar
served over 1,500 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.
Services sector: through its recent 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.
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 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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END
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