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July 31, 2015 6:50 PM ET

Airlines

Company Overview of First Myanmar Investment Co., Ltd.

Company Overview

First Myanmar Investment Co., Ltd. is an investment holding company which through its subsidiaries offers charter flight services. The company was founded in 1992 and is based in Yangon, Myanmar. First Myanmar Investment Co., Ltd. operates as a subsidiary of Serge Pun & Associates (Myanmar) Limited.

380, 10th Floor

Bogyoke Aung San Road

Ward (5)

PBDN

Yangon,  

Myanmar

Founded in 1992

Phone:

95 246788

Key Executives for First Myanmar Investment Co., Ltd.

Chief Operating Officer
Compensation as of Fiscal Year 2015.

First Myanmar Investment Co., Ltd. Key Developments

First Myanmar Investment To Divest Businesses

Serge Pun announced that First Myanmar Investment Co., Ltd. is planning to divest a number of businesses. These include some that are inactive, such as Yoma Yarzar and SPA Motorcycle, as well as some that do not fit the company's current direction.

Yoma Strategic Holdings Ltd., Yoma Strategic Investment Ltd., LCT Investment Holdings Pte. Ltd and First Myanmar Investment Co., Ltd. Announce Termination of Joint Venture Agreement

The board of directors of Yoma Strategic Holdings Ltd. together with its subsidiaries announced that its subsidiary, Yoma Strategic Investment s Ltd. together with LCT Investment Holdings Pte. Ltd. and First Myanmar Investment Company Limited had mutually terminated the joint venture agreement (" JVA ") in relation to the building and operation of a steel mesh products manufacturing plant in Yangon. As a result, parties to the JVA agreed to and accepted the mutual termination and shall be discharged from any and all duties and obligations set out therein (except for obligations in respect of confident iality as set out in the JVA) and thereafter no party shall have or make any claim against the other in respect of matters contained in the JVA. The mutual termination of the JVA is not expected to have a material impact on the profit and net tangible assets per share of the Group for the financial year ending 31 March 2016.

First Myanmar Investment and Lippo Group Receives Approval of Joint Venture from the Myanmar Investment Commission

First Myanmar Investment (FMI) (Myanmar) and Lippo Group (Indonesia) has received approval from the Myanmar Investment Commission. Under the agreement, FMI will own 60% of the joint venture and Lippo 40%. The approval comes after the two companies jointly invested in a USD 13-million 100-bed hospital outside Yangon, which will be expanded to 182-bed capacity. The joint venture is expected to help Lippo Group expand beyond Myanmar's cities to establish a national network and tap the country's fast-growing demand for healthcare.

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