By Juliet Shwe Gaung
Established in April 2016, Sanctum Inle Resort has raised $20 million through a combination of bank loans, investor loans and equity.
The funding round was joined by Belt Road Investment Group, NSI Ventures and Cambodia-Laos-Myanmar Development Fund II LP, a fund under Emerging Markets Investment Advisers.
Engineering firm Great Hor Kham is planning to sign a power purchasing agreement by April which will help the company proceed with its listing on the Yangon Stock Exchange in 2018. In another news, Yangon Industrial Gas (Thilawa) Co Ltd has secured the approval to invest $14.35 million in its… Read more »
Myanmar Strategic Holdings has formed a joint venture with Auston Institute of Management, an operator of private schools in Singapore and Sri Lanka, to set up and operate a private school in Yangon.
In multiple investment updates from Myanmar, Thailand’s Siam G S Battery is putting in $10 million to set up its plan while Kalbe Farma is pumping in $18.25 million for its pharma products factory. Siam GS Battery to invest $10m Siam GS Battery Myanmar Co Ltd, backed by Thailand’s Siam… Read more »
The system also helps with getting real-time insights into energy management and preventative maintenance.
Post the investment, IFC and Norfund will hold 30 per cent stake each in the firm, while Yoma Strategic will own 35 per cent.
Apart from fresh investments, UMJ Ikeya is also bullish on backing its existing bets
After completion, the greenfield project at Thilawa will be the first bulk terminal in Myanmar.
The dry ports, to be located in Yangon and Mandalay, have a total project cost of $45 million