Myanmar Strategic Holdings acquires stake in ML

The deal comprises a cash consideration of $457,725 and MSH shares equivalent to $152,580, according to an announcement.The proposed transaction is expected to complete by 31 October 2020, after which MSH will hold 2.4 per cent of the issued share capital of MIL, and Civetta Capital will in turn become a strategic shareholder in MSH. […]

Thitikorn closes in on Myanmar firm

SET-listed Thitikorn (TK) is set to finalise the acquisition of a microfinance business in Myanmar next quarter, a move expected to lend support to the company’s goal of having 30% of its loan portfolio come from neighbouring countries by year-end 2020. TK, a leading motorcycle hire-purchase provider in Thailand, is in the process of acquiring […]

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 […]