Holding(s) in Company

RNS Number : 9572Q

Myanmar Investments Intl Ltd

21 October 2013

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, SOUTH AFRICA, JAPAN OR AUSTRALIA.

21 October 2013

Myanmar Investments International Limited (the "Company")

Holdings in Company

Myanmar Investments International Limited, the AIM listed Myanmar focused investment company, announces that it was informed on 18 October 2013 that, following sales of ordinary shares of no par value in the Company ("Ordinary Shares") Hansabay Pte Limited now has a total interest in 440,000 Ordinary Shares, representing 6.9% of the Company's total issued ordinary share capital.

For further information visit www.myanmarinvestments.com or contact:

Aung Htun Managing Director		Myanmar Investments International Ltd		[phone]
Michael Dean Finance Director		Myanmar Investments International Ltd		[phone]
Philip Secrett / Melanie Frean/ Jamie Barklem		Grant Thornton UK LLP Nominated Adviser		[phone]
Nick Naylor/ Mark Connelly		Allenby Capital Limited Broker		[phone]

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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