TIDMSHWE
Myanmar Strategic Holdings Ltd
30 May 2019
30 May 2019
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group")
Wall Street English wins "Best Education Platform of the
Year"
at the EducationInvestor Asia Awards 2019
Myanmar Strategic Holdings (LSE: SHWE), an independent developer
and manager of consumer businesses located in Myanmar, is delighted
to note that its franchisor, Wall Street English ("WSE"), one of
the world's largest providers of English language education to
adults, has been awarded "Best Education Platform of the Year" at
the EducationInvestor Asia Awards 2019.
The EducationInvestor Asia Awards, which took place in Singapore
on 16 May 2019, promote excellence and innovation in the business
of education in Asia.
MSH currently has exclusive development and franchising
agreements with Wall Street English for up to ten English language
centres across Myanmar over the course of a ten-year agreement.
Three centres are now open, with the most recent centre opening in
August 2018.
Commenting, Enrico Cesenni, Chief Executive Officer of Myanmar
Strategic Holdings, said: "We are very proud to learn that Wall
Street English has been awarded "Best Education Platform of the
Year" at this year's EducationInvestor Asia Awards. This
internationally-recognised award is a true testament of the hard
work and continued dedication of the WSE team as they strive to
deliver operational excellence in the education sector.
"It is of paramount importance to us that we work in partnership
alongside reputable entities, such as Wall Street English, which
have similar ambitions to ours in education. As such, we hold our
relationship with WSE in high regard and we look forward to
furthering together our positive impact on Myanmar, where English
literacy has proven crucial for the country's development."
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)20 3004 9512
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.
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.
In May 2019, Wall Street English was awarded "Best Education
Platform of the Year" at the EducationInvestor Asia Awards
2019.
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END
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