Myanmar’s cement business is expected to grow by 10-12 per cent per year
Max Manufacturing Company of Burma will increase its daily cement production capacity from 500 tonnes now to 2,600 tonnes by the end of next year and 4,200 tonnes in 2014, according to a deal with a Thai company, the Bangkok Post reported on Thursday. More…
Reposted from Reuters
(Reuters) – Singapore bed linen maker Aussino Group has appointed a financial adviser to facilitate a proposed S$60 million ($47.38 million) reverse takeover by a Myanmar group linked to a businessman on a U.S. blacklist, according to three sources familiar with the firm.
Prime Partners, a boutique advisory and asset management firm, will help Aussino get regulatory approval needed for a proposed injection of Myanmar assets into the Singapore firm, said the sources, who declined to be identified because the information has not been made public. More…
