Brief: Myanmar Strategic Updates On Proposed Acquisition Of MIL
18/06/2019 07:59
June 18 (Reuters) - Myanmar Strategic Holdings Ltd SHWE.L :
* MYANMAR STRATEGIC - STATEMENT RE. PROPOSED ACQUISITION OF
MIL
* MYANMAR STRATEGIC - NOTES THAT BLOCK TRADE OF CO'S SHARES
BY
STEWART INVESTORS ASIA PACIFIC FUND ACCOUNTING FOR WAS CONDUCTED
ON 30 APRIL
* MYANMAR STRATEGIC - BOARD OF MSH BELIEVES THAT CERTAIN MIL
SHAREHOLDERS MAY BE ACTIVELY SEEKING LIQUIDITY OPTIONS FOR THEIR
INVESTMENTS IN MIL
* MYANMAR STRATEGIC HOLDINGS LTD - BOARD OF MSH HAS RECENTLY
MADE
AN INDICATIVE PROPOSAL TO BOARD OF MIL SUGGESTING A COMBINATION
OF MSH AND MIL
* MYANMAR STRATEGIC HOLDINGS LTD - BOARD OF MSH IS
DISAPPOINTED TO
NOTE THAT BOARD OF MIL HAS FAILED TO PROGRESS MSH'S PROPOSAL
* MYANMAR STRATEGIC HOLDINGS LTD - MSH'S INDICATIVE PROPOSAL
WOULD
VALUE MIL AT US$0.75 PER SHARE
* MYANMAR STRATEGIC HOLDINGS LTD - PROPOSED DEAL COMPRISES
US$0.10
PER MIL SHARE IN CASH
* MYANMAR STRATEGIC - PROPOSED DEAL INCLUDES 1 NEWLY ISSUED
MSH
SHARE FOR 16 MIL SHARES
Source text for Eikon: ID:nRSR5825Ca
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