TIDMSHWE
RNS Number : 5247N
Myanmar Strategic Holdings Ltd
01 February 2021
1 February 2021
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company")
Update on Myanmar's state of emergency
Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent
developer and operator of consumer businesses located in Myanmar
and Vietnam, notes the announcement by the Myanmar military, via
the military-owned news channel Myawaddy News, that it has declared
a state of emergency for a period of up to one year.
The announcement states that the Commander-in-Chief of the
Defence Services, Min Aung Hlaing, will be in power for the
duration of the state of emergency, while Vice President U Myint
Shwe will serve temporarily as President. It was reported in the
Myanmar Times that, earlier this morning, State Counsellor Daw Aung
San Suu Kyi, President U Win Myint and other National League for
Democracy ("NLD") officials across the country were detained by the
military, ahead of the first parliamentary sessions, scheduled to
take place later in the day.
Myanmar Strategic Holdings supports Myanmar's democratic
transition and efforts to promote peace, human rights and
development in the country. The Company's board condemns any type
of violence and also wishes for a quick resolution of the current
events.
From a business perspective, the Company's schools will continue
to deliver their education services online and offline while its
security services company will remain key to secure embassies, NGOs
and national infrastructure. The Company's Ostello Bello boutique
hostels remain closed, pursuant to the active COVID-19 restrictions
in Myanmar. It is also worth noting that, further to the
acquisition of Wall Street English Vietnam announced in May 2020,
more than 50% of MSH's revenues originate from Vietnam, providing
an attractive diversification to MSH's shareholders.
The Company is closely monitoring the situation and further
updates will be released at the appropriate time.
For more information please visit www.ms-holdings.com or
contact:
Myanmar Strategic Holdings Ltd.
Richard Greer, Independent Non-Executive richardgreer@me.com
Chairman enrico@ms-holdings.com
Enrico Cesenni, Founder and CEO
Allenby Capital Limited (Broker)
Nick Athanas
Nick Naylor +44 (0)20 3328 5656
Yellow Jersey PR (Financial PR)
Georgia Colkin
Henry Wilkinson +44 (0) 7951 402 336
Notes to editors
Myanmar Strategic Holdings Ltd.
Myanmar Strategic Holdings Ltd. (LSE: SHWE) is an independent
developer and manager of consumer businesses in Myanmar and
Vietnam, two 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.
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, a third in
August 2018, and a fourth in February 2020. As of April 2020, Wall
Street English Myanmar served over 4,000 students since its
inception.
In July 2020, the Company completed the acquisition of the Wall
Street English business in Vietnam. Founded in 2013, the WSE
Vietnam business operates through seven centres in Ho Chi Minh and
Binh Dhuong serving over 6,000 students.
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, Mechanical Engineering and Networking,
Information Systems, and Security. English language learning is
also provided by the Company's nearby Wall Street English centre.
In February 2020, the Company announced a partnership with
Liverpool John Moores University to provide high quality
engineering training programmes for young, working professionals in
Myanmar, to be taught by Auston College Myanmar's teaching staff at
its Junction Square complex in Yangon.
The Company launched its first private K-12 international
school, the Yangon American International School in Yangon, in
August 2019.
Services sector: through its acquisition of EXERA, the Company
offers security, risk management and secure logistics services,
including cash-in-transit. Founded in 2013, EXERA employs
approximately 1,300 well-trained and high-quality security officers
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 and Vietnam were among the fastest growing economies in
Asia in 2017-2019 (Source: Asian Development Bank). In 2020, their
annual GDP growth is expected to be respectively 6.0% and 6.3%
(Source: Asian Development Bank).
MSH is well positioned to provide investors early exposure to
Myanmar's and Vietnam's strong economic fundamentals enhanced by
ASEAN's wider growth prospects.
To receive news alerts on Myanmar Strategic Holdings please sign
up here under the 'RNS' header:
https://ms-holdings.com/investor-relations/#
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCKFLBBFLLXBBD
(END) Dow Jones Newswires
February 01, 2021 04:41 ET (09:41 GMT)
Asia Strategic (LSE:ASIA)
過去 株価チャート
から 12 2024 まで 1 2025
Asia Strategic (LSE:ASIA)
過去 株価チャート
から 1 2024 まで 1 2025
