LONDON (Alliance News) - All Asia Asset Capital Ltd Wednesday said the signing of the power plant agreement between APU, the Myanmar and Thailand-focused power generation firm in which All Asia Capital recently increased its stake, and the Government of Myanmar has now been passed on for final approval.
All Asia Capital said the agreement had been subject to "minor delays of a technical nature," but that the Myanmar government has now been passed to the economic department.
All Asia Capital's agreement to acquire a 4.5% stake in APU is dependent on the power plant agreement being signed.
All Asia Capital shares were untraded Wednesday morning, quoted at 20 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
