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Myanmar Investments to Raise Equity for Further Investments

Myanmar Investments International Ltd said it is in negotiations and evaluating investments in telecommunications infrastructure, IT services, equipment rental and education.

The company also said it will be looking to raise additional equity to fund further investments.

Last fiscal year, AIM-traded investment company opened an office in Yangon. AIM, formerly the Alternative Investment Market, is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market.

The firm didn’t conclude an investment until last month, when it acquired a 55 percent shareholding in microfinance loan provider Myanmar Finance International Ltd.

“In a very short time we have established our presence in Myanmar, not just physically but also in the wider business and regulatory communities,” Managing Director Aung Htun said in a statement.

“Whilst we might have hoped to achieve more in our first year, we are nonetheless pleased with the result given the difficult operating conditions that prevail in Myanmar today. We have kept a very tight rein on overheads and yet have built up an effective team of investment professionals,” he said.

“As a result, we have just concluded our first investment and have built up a diverse pipeline of further investment opportunities. We hope to build on this momentum in the months to come.”

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