AIM-Listed Myanmar Investments International Exceeds Target, Raises $6.3m

AIM-listed Myanmar Investments International (MIL) has announced it has raised $6.3 million as the result of an equity fund raiser through platform PrimaryBid. The Myanmar focused firm will now use the proceeds to take advantage of “a number of live investments” and also follow-on investments in its port­folio, an announcement from the company said. The […]

Microfinance Institution MFIL Secures $1m Loan From Malaysia’s Maybank

Myanmar Fi­nance Interna­tional (MFIL), the mircrofinance joint venture of investment company Myanmar In­vestments International (MIL), has secured a $1 million loan off Malaysian lender Maybank. The funds will see MFIL try to grow its outreach from 42,000 customers and expand its loan port­folio, which stood at $5.7 million as of February, said a company press […]

Yangon Stock Exchange needs more time to succeed, experts say

THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week, Aung Htun, managing director of Myanmar Investments International, an investment holding company listed on […]

All preparations for Yangon Stock Exchange in place by next month

ALTHOUGH the launch of the Yangon Stock Exchange (YSX) has been pushed back to the end of November or early December, Myanmar will ensure proper systems for the exchange will be in place by the end of this month, a government official said. Maung Maung Thein, the deputy finance minister and chair of the Securities […]

Myanmar Investments International Limited Raises US$20 million for More Investments in Myanmar

Myanmar Investments International Limited Successfully completed a new subscription. MIIL closed an additional equity fund raising of $3.8 million in December 2014. Myanmar Investments International Limited (AIM: MIL) (the “Company”), the AIM-quoted Myanmar focused investment company, today announces that it has raised US$19,942,395 (gross) through a subscription of 17,341,214 new ordinary shares of nil par […]

MIL Eyes All Four Securities Licences for Yangon Exchange

Myanmar Investments International Limited, together with two other partners, has filed an application to the Securities and Exchange Commission of Myanmar (SECM) to acquire all of the four types of securities licences for the upcoming Yangon stock exchange (YSX) later this year, the firm said. The Ministry of Finance in January announced that YSX will […]