TIDMSHWE
RNS Number : 1324Y
Myanmar Strategic Holdings Ltd
11 May 2021
11 May 2021
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company")
Proposed Board Appointment
Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent
developer and operator of consumer businesses located in Myanmar
and Vietnam, announces the proposed Board appointment of Mr
Jonathan Kolb as an Executive Director in the role of Chief
Financial Officer. This appointment is subject to shareholder
approval at the Company's Annual General Meeting, to be held on 18
May 2021.
Jonathan was appointed as the Company's Chief Financial Officer
in July 2020 in a non-Board position and has been one of the
Company's Myanmar-based partners since 2015, where he is
responsible for sourcing and evaluating business and investment
opportunities, as well as reviewing the performance of the existing
portfolio of businesses.
Prior to joining MSH, Jonathan spent over 10 years in finance,
of which the last four were based in South-East Asia. With a focus
on real estate, Jonathan spent five years as a listed real estate
fund manager at CenterSquare Investment Management, initially based
in Philadelphia. He relocated to Singapore in 2012 to establish the
Asian office and operations. Prior to attending business school, he
analysed companies and their cash flows as a commercial lending
underwriter at Bank of America in Chicago.
Jonathan has an MBA from INSEAD and Bachelor's degrees in
Finance and Accountancy from the University of Illinois -
Urbana/Champaign. He is also a registered CPA in the state of
Illinois and a CFA Charterholder, but is not currently active.
Enrico Cesenni, Chief Executive Officer of Myanmar Strategic
Holdings, commented:
"We are delighted to announce Jonathan's appointment to MSH's
Board as Executive Director, subject to shareholder approval at the
Company's AGM.
"Jonathan has a wealth of experience across the finance sector
and has been a founding member of the MSH team since he joined in
2015, having held key roles such as partner and as CFO in this
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)
Henry Wilkinson
Matthew McHale +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 2021, 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
BOASFLFISEFSEEI
(END) Dow Jones Newswires
May 11, 2021 02:00 ET (06:00 GMT)
Asia Strategic (LSE:ASIA)
過去 株価チャート
から 11 2024 まで 12 2024
Asia Strategic (LSE:ASIA)
過去 株価チャート
から 12 2023 まで 12 2024