Company Overview of First Myanmar Investment Co., Ltd.
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
Founded in 1992
Key Executives for First Myanmar Investment Co., Ltd.
Compensation as of Fiscal Year 2014.
First Myanmar Investment Co., Ltd. Key Developments
First Myanmar Investment and Lippo Group Receives Approval of Joint Venture from the Myanmar Investment Commission
May 12 15
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.
Yoma Strategic Holdings Ltd. Enters Joint Venture Agreement with Kokubu & Co., Ltd. and First Myanmar Investment Co., Ltd
Aug 4 14
The Board of Directors announce that YOMA Strategic Holdings Ltd, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd., has entered into a definitive joint venture agreement with Kokubu & Co., Ltd. and First Myanmar Investment Co., Ltd. to establish and operate a joint venture business in Myanmar that will initially focus on the distribution of agricultural and marine products, utilizing high- specification vehicles with refrigeration capacity which will enhance the quality, safety and value of agricultural and seafood products being transported to markets in Myanmar. The initial investment in the joint venture will be up to an aggregate amount of $8,500,000 and contributed in 2 phases upon the satisfaction of certain conditions precedent for each phase including but not limited to, the issue of a lease agreement between Yoma Development Group Limited and the joint venture company allowing the use of the leased land to build a distribution centre with chill and refrigeration capacities in Yangon, the grant of the relevant licenses and permits for construction of the distribution centre and the issue of the relevant permit from the Myanmar Investment Commission. In the event that parties agree to construct a new distribution centre in Mandalay, parties agree to contribute an additional $3,500,000 into the joint venture. As part of completion of phase 1, a joint venture company had been incorporated, details of which are: incorporated in Myanmar with the name of KOSPA Ltd. Initial capital includes $100,000 comprising 100,000 ordinary shares of $1 each contributed by shareholders: Kokubu (50%), YSIL (30%) and FMI (20%). The long-stop date for completion of the investment in the joint venture is 27 February 2015.
Yoma Strategic Holdings Ltd. Enters into Joint Venture Agreement with Mitsubishi Corporation and First Myanmar Investment Co., Ltd
Apr 22 14
The Board of Directors of Yoma Strategic Holdings Ltd. announced that the company has entered into a joint venture agreement with Mitsubishi Corporation (MC) and First Myanmar Investment Co., Ltd. (FMI) for the purposes of establishing a joint-venture company to provide, inter alia, the technical services and solutions, installation, testing and commissioning and import and supply of elevators, escalators and related products in the Republic of the Union of Myanmar. The parties have established the joint venture company, MC Elevator (Myanmar) Ltd. (MC Elevator) in Myanmar. The initial issued and paid-up capital of MC Elevator will be USD 1.5 million comprising 1.5 million ordinary shares of USD 1.00 each. The company, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd., has subscribed for 20% oaf the issued share capital of MC Elevator for an initial cash consideration of USD 5,000. MC will hold 60% and FMI will hold 20% of the issued share capital of MC Elevator.
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