15 Apr 2015 14:07
15 April 2015
Myanmar Investments International Limited
Possible equity fund raising
Myanmar Investments International Limited (the "Company") today confirms that, as previously stated in its Admission Document published on 21 June 2013 and subsequent announcements, and in order to take advantage of its growing pipeline of investment opportunities, it is considering raising additional funding over the next few months by way of an equity issue.
Michael Dean, the Company's Finance Director, said: "We recently announced the possibility of setting up and investing in a securities business in Myanmar. Although we have the funds in place for this transaction we also have a growing pipeline of potential investments. This pipeline includes, for example, opportunities in a number of sectors, including healthcare, telecommunications, manufacturing and education.
"Whilst it is possible that none of these opportunities will become investments given the size, quality and frequency with which opportunities are now arising we want to be well placed to take advantage of them and to this end we are seeking to ensure that we have an appropriate level of funds available."
For further information please contact:
Aung Htun Managing Director Myanmar Investments International Ltd +66 81 836 5104 +95 94 0160 0501 aunghtun@myanmarinvestments.com | Michael Dean Finance Director Myanmar Investments International Ltd +65 82 99 98 98 +95 94 2006 4957 mikedean@myanmarinvestments.com |
Nominated Adviser Philip Secrett / Melanie Frean/ Jamie Barklem Grant Thornton UK LLP +44 20 7383 5100 |
Broker Nick Naylor/ Chris Crawford Allenby Capital Limited +44 20 3328 5656 |
Notes to Editors:
Myanmar Investments International Limited is the first Myanmar focused investment company to be admitted to trading on the AIM market in London and 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 51.4 million people and roughly the size of France, has been diplomatically 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.
The Company closed an additional equity fund raising of US$3.8 million in December 2014.
For more information about MIL, please visit www.myanmarinvestments.com