REG - Asia Strategic Ltd - Notice of AGM

Asia Strategic HoldingsAnnouncement

10/02/2022 07:00

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RNS Number : 2078B  Asia Strategic Holdings Limited   10 February 2022

10 February 2022

 

Asia Strategic Holdings Ltd.

("Asia Strategic" or the "Company")

 

Notice of AGM

 

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and
operator of consumer businesses located in emerging Asia, announces that its
Annual General Meeting ("AGM") will be held in Singapore via teleconference on
4 March 2022 at 5.00 p.m. (Singapore time).

 

A copy of the Notice of AGM and associated proxy form will be posted shortly
and will be available on the Company's website at www.asia-strategic.com
(http://www.asia-strategic.com) . Members may attend the AGM via video
conference, the details of which are included in the Notice of AGM.

For more information please visit www.asia-strategic.com
(http://www.asia-strategic.com)  or contact:

 Asia Strategic Holdings Ltd.                                richard@asia-strategic.com

 Richard Greer, Independent Non-Executive Chairman           enrico@asia-strategic.com

 Enrico Cesenni (OSI), Founder and Chief Executive Officer

 Allenby Capital Limited (Broker)                            +44 (0)20 3328 5656

 Nick Athanas

 Nick Naylor

 Freddie Wooding

 Yellow Jersey PR (Financial PR)                             +44 (0) 7951 402 336

 Henry Wilkinson

 Matthew McHale

 

Notes to editors

Asia Strategic Holdings Ltd.

Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and
operator of consumer businesses in Vietnam and Myanmar, two of the fastest
growing economies in the world over the last decade. The Company's portfolio
currently focuses on Education, Services and Hospitality with the view to
expand within the broader consumer sector.

Education sector:  the Company currently has exclusive development and
franchising agreements with Wall Street English for up to ten English language
centres across Myanmar. Two centres were opened in 2017, a third in August
2018, and a fourth in February 2020. As of September 2021, Wall Street English
Myanmar served ca 1,900 students.

In July 2020, the Company completed the acquisition of the Wall Street English
business in Vietnam. Founded in 2013, the WSE Vietnam business operates
through seven centres in Ho Chi Minh and Binh Dhuong serving ca. 3,300
students.

The Company also operates a joint venture with Auston Institute of Management
to develop and operate the Auston College Myanmar. The private school opened
in May 2018 offering diplomas in Engineering Technology, Mechanical
Engineering and Networking, Information Systems, and Security. English
language learning is also provided by the Company's nearby Wall Street English
centre. In February 2020, the Company announced a partnership with Liverpool
John Moores University to provide high quality engineering training programmes
for young, working professionals in Myanmar, to be taught by Auston College
Myanmar's teaching staff at its Junction Square complex in Yangon.

In August 2019 the Company launched its first private K-12 international
school, the Yangon American International School ("Yangon American") in
Yangon. In July 2021 Yangon American has been recognised as an official
International Baccalaureate Primary Years Programme ("IB PYP") school by the
International Baccalaureate Organization.

Services sector:  through its acquisition of EXERA, the Company offers
security, risk management and secure logistics services, including
cash-in-transit. Founded in 2013, EXERA employs approximately 1,600
well-trained and high-quality security officers making it one of the largest
security services providers in Myanmar.

Hospitality sector:  through its portfolio, the Company currently manages
over 470 beds across four boutique hotels in three core tourist locations
across Myanmar, operating under the award winning Ostello Bello budget
hospitality brand. The Company operates an asset light strategy, entering into
long-term operating and management agreements with local hotel owners.

Vietnam and Myanmar were among the fastest growing economies in Asia in
2017-2020 (Source: Asian Development Bank). In 2022, Vietnam's annual GDP
growth is expected to be 6.5% (Source: Asian Development Bank).

The Company is well positioned to provide investors early exposure
to Vietnam's and Myanmar's strong economic fundamentals enhanced
by ASEAN's wider growth prospects.

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https://ms-holdings.com/investor-relations/#
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