London-listed Myanmar Strategic Holdings has announced that its wholly-owned subsidiary, Myanmar Strategic Services, is on the brink of acquiring Yangon-based safety and security firm EXERA in a deal worth an estimated US$2.2 million, according to reports. An international publication said the deal is expected to be completed before the end of May and that the deal would be completed through $2 million in cash and the issuing of 7,408 shares at a price of $27 per share. MSH described EXERA as an “internationally managed safety and security services provider” operating exclusively in Myanmar. The report said that through a workforce of about 1,000 security personnel, EXERA provides guarding, protective services, transportation, training, and risk consulting for international and local clients in the country. “Over the past few years, EXERA has established itself as one of the best foreign operators, effectively supporting its clients with their security needs as those clients have expanded throughout Myanmar,” said Enrico Cesenni, MSH’s CEO.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Southeast Asian defense chiefs talk regional security with US, China, othersSource: Voice of America East AsiaNovember 21, 20246 hours ago
- World’s conflict zones increased by two-thirds in past three years, report revealsSource: GuardianNovember 21, 202413 hours ago
- Myanmar photojournalist goes free after two years of imprisonment, tortureSource: Voice of America East AsiaNovember 21, 202421 hours ago
- Fearful after arrest, Cambodian reporter who exposed scam centers quits mediaSource: Voice of America East AsiaNovember 20, 20241 day ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss