LONDON (Alliance News) - Myanmar Strategic Holdings Ltd said Monday it invested USD150,000 in digital consulting firm NEXLABS.
NEXLABS was founded in Yangon in Myanmar in 2013 and has 80 staff. Its clients include Carlsberg and Samsung.
"The investment reflects our aim of growing Myanmar Strategic Holdings' presence in Myanmar through diversification into strategically important sectors, whilst also maintaining a high-quality service offering across our established portfolio of hospitality and education businesses," Chief Executive Officer Enrico Cesenni said.
"The board sees this investment as a fantastic opportunity to gain exposure to Myanmar's digital economy, the rapid growth of which is underpinned by a young, tech savvy population."
Myanmar Strategic shares were untraded on Monday at USD27.00.