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Myanmar tycoon open to foreign investment in wake of Ayala deal

Bloomberg
Bloomberg11/29/2019 12:41 PM GMT+08  • 3 min read
Myanmar tycoon open to foreign investment in wake of Ayala deal
(Nov 29): Myanmar tycoon Win Aung is open to foreign investment in the listed industrial-estate provider he oversees, following Ayala Corp’s tie-up with a firm traded on the nation’s fledgling stock exchange.
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(Nov 29): Myanmar tycoon Win Aung is open to foreign investment in the listed industrial-estate provider he oversees, following Ayala Corp’s tie-up with a firm traded on the nation’s fledgling stock exchange.

In an interview in Yangon, Win Aung said a stake sale is an option as he plans to expand Myanmar Thilawa SEZ Holdings, which operates a manufacturing zone where 109 firms have opened factories or plan to do so.

“We’ll need more capital and technology,” Win Aung, the firm’s chairman, said Thursday. “Detailed plans will be revealed later after the authorities officially allow foreigner participation on the Yangon Stock Exchange.”

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