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Holding(s) in Company

21st Oct 2013 09:34

RNS Number : 9572Q
Myanmar Investments Intl Ltd
21 October 2013
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, SOUTH AFRICA, JAPAN OR AUSTRALIA.

21 October 2013

Myanmar Investments International Limited (the "Company")

 

Holdings in Company

Myanmar Investments International Limited, the AIM listed Myanmar focused investment company, announces that it was informed on 18 October 2013 that, following sales of ordinary shares of no par value in the Company ("Ordinary Shares") Hansabay Pte Limited now has a total interest in 440,000 Ordinary Shares, representing 6.9% of the Company's total issued ordinary share capital.

For further information visit www.myanmarinvestments.com or contact:

 

Aung HtunManaging Director

 

Myanmar Investments International Ltd

+66 81 836 5104

 

Michael DeanFinance Director

 

Myanmar Investments International Ltd

+65 82 99 98 98

Philip Secrett / Melanie Frean/ Jamie Barklem

 

Grant Thornton UK LLPNominated Adviser

+44 20 7383 5100

Nick Naylor/ Mark Connelly

Allenby Capital LimitedBroker

+44 20 3328 5656

 

Further Details 

 

Myanmar Investments (www.myanmarinvestments.com), the first Myanmar focused investment company to be admitted to trading in London, has been established for the purpose of investing in businesses operating in or with business exposure to Myanmar. The Company will target businesses operating in sectors that the Directors believe have strong growth potential and thereby can be expected to provide attractive yields, capital gains or both. In addition to investing into local businesses the Company will also partner with foreign companies investing in Myanmar.

 

 

Myanmar, a country of approximately 60 million people and roughly the size of France, has been isolated for much of the last 50 years. Once one of the more prosperous countries in Southeast Asia as it has an abundance of natural resources (oil, natural gas, arable land, tourist attractions and a long coastline), it is now one of the least developed countries in the world and has been the subject of sanctions imposed on it by the EU and the US, amongst others.

 

The Company's primary objective is to build capital value over the long term by making investments in a diversified portfolio of Myanmar businesses that will benefit from Myanmar's re-emergence.

 

 

** ENDS**

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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