Asia Digest: Myanmar Strategic raises $3.07m; Funding Societies, UOB Malaysia pact

Asia Digest: Myanmar Strategic raises $3.07m; Funding Societies, UOB Malaysia pact

FILE PHOTO: View of downtown Yangon, Myanmar September 23, 2015. REUTERS/Soe Zeya Tun/File photo

Myanmar Strategic Holdings Ltd has raised $3.07 million through the issue of new ordinary shares to expand its existing operations while peer-to-peer startup Funding Societies has partnered with UOB Malaysia to provide alternative financing to small businesses.

Myanmar Strategic Holdings raises $3.07 million through new shares issuance

London Stock Exchange-listed Myanmar Strategic Holdings announced that it has raised $3.07 million through the issue of 153,000 new ordinary shares at a price of $20 per share.

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