11 Jul 2013 07:00
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11 July 2013
Myanmar Investments International Limited
First hiring and new Yangon office
Myanmar Investments International Limited ("MIL" or the "Company") is pleased to announce its first hiring and also that it has established an office in Yangon, Myanmar.
Tham Chee Chung CFA will be joining the Company with effect from 15 July 2013 and will be an Investment Director based in Yangon. Mr Tham was most recently a Director and Chief Operating Officer of Frontier Investment & Development Partners in Cambodia and Singapore. He has spent the past ten years principally involved in private equity in Cambodia and Laos. He was previously an investment manager with Singapore Telecommunications where he managed a S$225 million corporate venture capital fund focusing on telecom and related technology companies worldwide and before that was with the Monetary Authority of Singapore.
Aung Htun, Managing Director, said "We are delighted to have someone of Chee Chung's standing and calibre join us. His experience in structuring and conducting due diligence on private equity investments in frontier economies will be of enormous value".
Additionally, the Company has established an office at 192 Bo Myat Tun Street, Pazuntaug Township, Yangon which is in the downtown area of the city.
For further information visit www.myanmarinvestments.com or contact:
Aung HtunManaging Director
| Myanmar Investments International Ltd | +66 818 365 104 | ||
Michael DeanFinance Director
| Myanmar Investments International Ltd | +65 88 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.
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