By Bloomberg News
As SE Asia’s fastest-growing economy began the transition from five decades of military rule to democracy with the swearing in of the first popularly-elected government in March 2016, western investors adopted a wait-and-see approach.
Telecom, energy and tourism sectors have been the biggest beneficiaries.
The dining app received its initial round of funding of S$30,000 from Quest Ventures and Enterprise Singapore.
The acquisition of MyPay Myanmar will enable MySQUAR to be a leading directly regulated mobile payments facility for remittances.
Combining with its Fund II, Delta Capital’s total assets under management has reached close to $120 million.
Telecom International Myanmar Company Limited, the company behind Mytel, is a joint venture between Myanmar government-owned Star High Public Co Ltd, a consortium comprising 11 Myanmar companies, and Vietnamese telecom company Viettel.
MSH seeks to expand its businesses in the education, hospitality and security sectors both organically and by way of acquisitions.
Post the deal, SMI will focus on duty-free and retail businesses in Myanmar.
Myanmar Strategic Holdings Ltd has raised $3.07 million through the issue of new ordinary shares to expand its existing operations.
This will be its second acquisition since its listing on the Singapore exchange in January