Brief: Myanmar Investments International Says During Past Year NAV Down by 12% & Was $33.3 Mln As At March 31

Myanmar Investments International

25/09/2019 10:23

Sept 25 (Reuters) - Myanmar Investments International Ltd
 MILM.L :
    * MYANMAR INVESTMENTS INTERNATIONAL LTD - DURING PAST YEAR
NET
ASSET VALUE DECREASED BY 12 PER CENT AND WAS US$33.3 MILLION AS
AT 31 MARCH 2019
    * MYANMAR INVESTMENTS - CURRENT STRATEGY IS UNLIKELY TO
GENERATE
APPROPRIATE RISK ADJUSTED RETURN COMMENSURATE WITH INVESTMENT IN
FRONTIER ECONOMY
    * MYANMAR INVESTMENTS -  IT IS APPROPRIATE TO START PLANNING
FOR
ORDERLY DISPOSAL OF THREE INVESTMENTS WITH A VIEW TO ULTIMATELY
WINDING UP COMPANY.
    * MYANMAR INVESTMENTS INTERNATIONAL - DIRECTORS WILL LOOK TO
UNDERTAKE DISPOSAL OF INVESTMENTS IN MFIL, MEDICARE IN
CONSULTATION WITH JV PARTNERS
    * MYANMAR INVESTMENTS INTERNATIONAL - FY AUDITED LOSS AFTER
TAX
WAS US$2.4 MILLION, A SIGNIFICANT REDUCTION ON LAST YEAR'S
US$3.1 MILLION
    * MYANMAR INVESTMENTS - INTENDS TO MAKE PERIODIC
DISTRIBUTIONS TO
SHAREHOLDERS OF SURPLUS CAPITAL THAT IS RECEIVED FROM PROCEEDS
OF WINDING DOWN

Source text for Eikon:  ID:nRSY6157Na 
Further company coverage:  MILM.L 

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