Myanmar Investments Rejects Offer From Fellow Myanmar Firm

Myanmar Investments International Ltd on Tuesday confirmed it has rejected a merger proposal from Myanmar Strategic Holdings Ltd and said that it will not enter into negotiations in relation to the proposal. “Having carefully considered the terms of the proposal and discussed them with Myanmar Strategic, the board has concluded that proceeding with the potential […]

Myanmar Investments To Focus On Existing Investments Given Climate

Myanmar Investments International Ltd on Friday said it is unlikely to consider any new investments given the uncertain situation in Myanmar. Myanmar Investments, which focuses on investment within the country, has opted to develop its existing investments rather than pursue new ones. The company switched to a leaner approach to investing in its previous year, […]

Myanmar investments interim loss flat on year before, assets increase

Myanmar Investments International Ltd on Monday reported a flat interim loss as the AIM-listed investment company increased its net assets slightly. For the six months to September 30, the company posted a pretax loss of USD1.4 million, flat on the year before. Myanmar Investment’s net assets increased 1.6% to USD32.0 million from USD31.5 million the […]

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 […]

Norway to take stake in MFI

The Norwegian Investment Fund for Developing Countries (Norfund) has acquired the right to take up to a 25 percent stake in local microfinance company Myanmar Finance International. The microfinance firm is owned by AIM-listed Myanmar Investments International as well as Myanmar Finance Corporation. Norfund is Norway’s main vehicle for combating poverty through private-sector development. “Norfund […]