Brief: Singapore Myanmar Investco enters into a letter agreement with Clsa Singapore Pte

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18/03/2016 11:18

March 18 (Reuters) - Singapore Myanmar Investco Ltd  SINO.SI : 
 
 * Proposed placement of up to 7,740,000 new ordinary shares)  SINO.SI  
 * Says entered into a letter agreement with Clsa Singapore Pte Ltd as placement agent 
 * Says net proceeds to be raised by the company from the proposed placement are approximately s$2.96 million 
 * Says co intends to utilise 100% of the net proceeds to fund the company's  duty-free retail operations in myanmar 
 
 * Source text for Eikon  ID:nSNZbDK0Jx  
 
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