Myanmar-based Seezar Soesan – a local business group with interests in IT, trading, construction, agriculture, consultancy and media services – is in talks with potential investors to raise equity capital of up to $10 million to expand its education operations.
“The discussions are at an advanced stage,” said Kyaw Htin Latt, chief operating officer of Seezar Soesan Group of Companies.
The group operates the Soesan boarding school and Chindwin college and is present in Yangon and Mandalay. It plans to spread its footprint to 14 states in the country.
It is also engaged in partnership talks with top colleges in Singapore and the UK. Currently, Chindwin College has been approved to conduct higher national diploma in electrical and electronics engineering. Graduates from Chindwin College will have an advanced standing into the final year of Bachelor of Engineering program at the University of Wolverhampton and University of Sunderland in UK.
“Yangon will be the main campus (for Chindwin college) for lower Myanmar and Mandalay for upper Myanmar. When the private education law is released, we aim to go to the university level in the next five years,” said Latt.
Expansion of both Chindwin College and Soesan boarding school are on the cards with the aim to become a one-stop service for students to pursue seamless education starting from the fifth grade.
Chindwin plans to expand two campuses each per year while Soesan boarding school will come up closer to the colleges.
Seezar Soesan is also active in the food and beverages sector with its Seezar bistros operating in both Yangon and Mandalay.
Seezar bistro – born out of a tea shop that Latt’s grandfather started – recently started a regional franchise from Gloria Jean’s opening its first two coffee branches in Yangon.