Myanmar Strategic Holdings to raise funds from Verlinvest, buy Vietnam-based ELT unit

Myanmar Strategic Holdings to raise funds from Verlinvest, buy Vietnam-based ELT unit

Photo from Wall Street English Vietnam.

Myanmar-based investment firm Myanmar Strategic Holdings (MSH) will be raising $6 million from Belgian PE firm Verlinvest SA and MSH’s largest shareholder, MACAN Pte Ltd, and will use the proceeds to grow the newly-acquired Wall Street English franchise in Vietnam as announced in a separate transaction..

MSH said in a statement that it will issue 200,000 new ordinary shares to A-Star Education Holdings, a subsidiary of Verlinvest, and 100,000 shares to MACAN, at the agreed price of $20 per share. The share subscription is expected to complete by July 2020 in two tranches.

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