MTSH to back other Myanmar SEZs, Yangon development projects

Yangon Stock Exchange-listed Myanmar Thilawa SEZ Holdings (MTSH) will invest in new special economic zones (SEZs) in Myanmar and development projects in Yangon for more growth, U Aung Soe Tha, Managing Director of MTSH, said at the exchange on Sunday.

The move will see MTSH invest beyond Thilawa SEZ and in the growth and development of the country’s two other SEZs – Kyaukphyu and Dawei – as well as other development and infrastructure projects in Yangon.

MTSH was established for the purpose of participating in Thilawa’s Zone A Project, which is an Industrial Park Development in the SEZ. The company has since widened its investments to include Zone B and other projects in the SEZ.

Thilawa is a joint venture between Myanmar and Japan – each government has a 10pc stake. MTSH controls 41pc and a Japanese private-sector consortium controls the remaining 39pc.

After achieving the original goal of investing in the development of Thilawa SEZ, the next goal for MTSH is to invest in the other SEZs in Myanmar, U Aung Soe Tha said.

“As MTSH has benefited from good governance and management practices from Thilawa, we aim to transfer these practices to other similar projects in Myanmar. The other SEZs in this country need investments too,” U Aung Soe Tha said.

MTSH is also keen to invest in infrastructure needed for the Yangon New Town Plan. The board of MTSH is now discussing this with the Yangon region government, he added.

MTSH first listed on the YSX in May 2016. The company consists of a consortium of nine local companies, including First Myanmar Investment Co, which is also listed on the YSX.

Shares of MTSH last traded at K2,900 a share. At those levels, it has a market value of K112.9 billion.

Source : Myanmar Times

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