Myanmar Strategic Holdings Ltd.
(“MSH” or the “Company” or the “Group”)
Award of security guarding services contract at the Singapore Embassy in Yangon
Myanmar Strategic Holdings (LSE: SHWE), an independent developer and manager of consumer businesses located in Myanmar, is delighted to announce that its fully owned subsidiary, EXERA Myanmar Ltd. (“Exera”), has been awarded the contract for the provision of security guarding services at the Singapore Embassy in Yangon for a period of three years.
As communicated by the Embassy of the Republic of Singapore in Yangon, the total tendered price is ca. US$478,329 for the initial period of three years and US$182,521 for the extension period of one year.
Mark Wakeford, Chief Executive Officer of EXERA, said:“We are very pleased to have been awarded this contract and. we look forward to building a strategic partnership with the Singapore Embassy while at the same time continuing to expand our coverage of other international embassies and NGOs across the country.”
Enrico Cesenni, Chief Executive Officer of Myanmar Strategic Holdings, said:“Following the appointment of Mark Wakeford as Chief Executive Officer of EXERA in October 2018, EXERA has undergone a process of significant transformation and integration within the Group. Momentum is gradually building up as EXERA invests in and grows its bidding capabilities and while foreign and local investors continue to scale their presence in Myanmar and increasingly appreciate the need to protect their investments and their people.”