Myanmar Investments mulls equity issue to rope in more funds

visual via MBT

Myanmar Investments International Ltd (MIIL) is considering raising additional funding over the next few months via equity issue to take advantage of its growing pipeline of investment opportunities, the AIM-listed firm said.

Michael Dean, the firm’s finance director, said, “We recently announced the possibility of setting up and investing in a securities business in Myanmar. Although we have the funds in place for this transaction, we also have a growing pipeline of potential investments. This pipeline includes, for example, opportunities in a number of sectors, including healthcare, telecommunications, manufacturing and education.

“While it is possible that none of these opportunities will become investments given the size, quality and frequency with which opportunities that are now arising, we want to be well placed to take advantage of them, and to this end we are seeking to ensure that we have an appropriate level of funds available.”

The company says its primary objective is to “build capital value over the long term by making investments in a diversified portfolio of Myanmar businesses that will benefit from Myanmar’s re-emergence.”

MIIL closed an additional equity fund raising of $3.8 million in December 2014.

Source: Content sharing agreement with Myanmar Business Today

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.