Myanmar: Karen Enterprises, IDPM aim to raise $100m via ICO for city development

Stacks of Myanmar kyat are seen on the counter before a client collects them, at a bank in Yangon, Myanmar October 19, 2015. REUTERS/Minzayar

Singapore-registered Karen Enterprises and Integrative Design & Project Management (IDPM), which are backing the transformation of Mu Aye Pu village in the Karen state of Myanmar into a city, are looking to raise $100 million via an initial coin offering (ICO) for the project’s second phase of development.

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