The stake sale process is still at an early stage under the advice of StanChart and UBS on the sell-side.
MBF will use the proceeds for its business expansion plans.
IPOs & Markets
MIL contends that the takeover offer materially undervalues the company.
The deal makes IFC the first foreign investor in a commercial bank in Myanmar.
Meal Temple’s expansion to Myanmar comes seven months after it raised a six-digit dollar investment.
Brezze Malaysia is raising $71,600 from crowdfunding platform Ata Plus.
With the Series A round now closed, Daung Capital's post-money valuation has reached S$16.5 million ($11.9 million).
Earlier, RecyGlo raised $150,000 from Oslo-based Katapult Ocean accelerator, at a $1.8 million valuation.
IFC has been a long-term strategic partner to ACLEDA.
KMA group is looking to revamp and develop new hotels and resorts across Myanmar.
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