Taiwan’s SheenHo restaurant chain, Thai TOA Paint to invest in Myanmar

Photo: Kamayut Media. Product of SheenHo.

In a couple of investment deals in Myanmar, Taiwanese restaurant chain SheenHo has awarded a master franchise to local company, Creation Strength, to open outlets in the frontier market. Meanwhile, Thailand’s TOA Paint  has bagged the state approval to begin manufacturing in Myanmar.

Taiwan’s SheenHo partners local firm to start restaurant business in Myanmar

Taiwan’s SheenHo International Creation Group has awarded the master franchise to a local company, Creation Strength Co Ltd, which will open its restaurants in Myanmar, starting in Yangon.

They plan to invest about K1.3 billion and will open up to 20 branches in about five years. Chefs from Myanmar will be flying to Taiwan to learn how the cuisine at the SheenHo restaurants are prepared.

In the fast-growing consumer and food and beverage market in Myanmar, Singapore Mainboard-listed Singapore Myanmar Investco Limited (SMI) has partnered with Japanese ramen chain, IPPUDO to open a branch in Myanmar.  SMI has also singed an agreement with Crystal Jade Group to open Chinese restaurants in Myanmar.

TOA Paint gets state nod for manufacturing

Thailand based TOA Paint has secured government approval to invest $12 million in Myanmar for setting up its manufacturing operations.

The facility – to be located at the Thilawa Special Economic Zone in Myanmar – will mark the seventh country in which the firm has presence after Thailand, Vietnam and Malaysia, China, Laos, India and Cambodia.

TOA Paint produces wood coatings, marine system coatings, construction chemicals such as waterproofing products and elastic bonding.

Also Read: 

Singapore’s SMI eyes expansion into retail, F&B in Myanmar

Australia’s Gloria Jean’s eyes Myanmar, Volvo expands retail presence to Yangon

Thailand’s TOA considering IPO for paint, chemicals unit

 

Singapore Reporter/s

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

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  • 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. 
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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.