Myanmar Strategic Holdings Ltd AGM Statement (7645W)

TIDMSHWE

RNS Number : 7645W

Myanmar Strategic Holdings Ltd

17 November 2017

17 November 2017

Myanmar Strategic Holdings Ltd.

("MSH" or the "Company" or the "Group")

AGM Statement

Myanmar Strategic Holdings (LSE: SHWE), the independent developer and operator of consumer businesses located in Myanmar, one of the fastest growing economies in the world, is holding its Annual General Meeting at 80 Raffles Place #33-00 UOB Plaza 1 Singapore 048624 today at 5:00pm (09:00 GMT). At the meeting Richard Greer, MSH's Non-Executive Chairman, will make the following statement:

"I am delighted to host Myanmar Strategic Holding's first AGM as a listed public company, following its admission to the Main Market of the London Stock Exchange in August."

"The initial public offering marked the beginning of a transformational period for the Company and has expedited the execution of our growth strategy. Since the listing in August, we have been concentrating on the expansion of our education and hospitality divisions in Myanmar and are set to open our fourth boutique hostel (and second in Bagan) imminently, as well as our second Wall Street English centre in Yangon in December. This sustained business expansion, coupled with focus on cost control, is expected to further enhance the Group's prospects going forward."

"From a macro perspective, the Board and management continue to be strong believers in the Myanmar economic opportunity and believe the country has the potential to be the next great economic growth story. This belief is reinforced by activity we have seen elsewhere in the Myanmar consumer market such as the recently announced acquisition of a 75% stake in Myanmar Distillery Co., owner of Grand Royal whisky, and its supply chain for ca. US$742 million by Thai Bev."

"Despite recent political turmoil, Myanmar Strategic Holdings remains dedicated to being a driving force for positive progress in the country. Management continues to work relentlessly on evaluating a wide range of consumer-focused opportunities across our existing hospitality and education divisions as well as new opportunities. We look forward to sharing further details and updates on our operations in the first half of December 2017, when we will be releasing our Full Year results.

"Finally, I would like to take this opportunity to thank you all for your continued support."

For further enquiries:

 
 Myanmar Strategic Holdings 
  Ltd.                           [e-mail] 
  Enrico Cesenni, Founder 
  and CEO 
 Allenby Capital Limited 
  (Broker) 
  Nick Athanas 
  James Thomas 
  Nick Naylor                  [phone] 
 Yellow Jersey (Financial 
  PR) 
  Georgia Colkin 
  Joe Burgess 
  Henry Wilkinson              [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMBFBRTMBBBBIR

(END) Dow Jones Newswires

November 17, 2017 02:00 ET (07:00 GMT)