Each of the two projects will incubate at least 10 enterprises in agritech, fintech, health and education sectors in Myanmar.
These include Japan’s Dai-ichi, AIA Group unit, Prudential Hong Kong Limited, among others.
Myanmar Citizens Bank is planning to expand its money transfer service internationally by partnering with US-based MoneyGram and London's Thunes.
The stake sale is essentially a shift of shareholding within the SPA group and comes about 10 months after the airline stopped its aviation services a
Kargo has secured a $130,000 loan from Yoma Bank while Australia's AsiaCarGroup has activated a Myanmar platform for trading of cars.
The follow-on financing by Trirec forms the first tranche of SolarHome's Series A fundraise that it intends to close within the next quarter.
The investment, which closed on March 14, is the fifth private equity deal in Myanmar for Daiwa PI Partners.
IPOs & Markets
Last year, Myanmar passed a new Companies Law that says foreign investors can own as much as 35 percent of local firms.
This investment marks the fourth deal for the country-focused investment firm EME Myanmar.
METRO Wholesale Myanmar was set up as a joint venture between SGX-listed Yoma Strategic Holdings Ltd (15%) and METRO AG (85%) in February 2017.
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