Company Overview of Union of Myanmar Economic Holdings Limited
Union of Myanmar Economic Holdings Limited operates as an industrial conglomerate that engages gem production and marketing, garment factories, wood industries, goods and beverages and other trading companies, supermarket, banking, hotels, tourism, transportation, construction and real estate, computers, telecommunications, electronics and equipment, and steel and cement industries. The company is based in Yangon, Myanmar.
189-191 Maha Bandoola Road
Key Executives for Union of Myanmar Economic Holdings Limited
Union of Myanmar Economic Holdings Limited does not have any Key Executives recorded.
Union of Myanmar Economic Holdings Limited Key Developments
SAB Miller Reportedly Eyes Stake In Myanmar Brewery
Feb 11 15
SABMiller plc (LSE:SAB) is exploring the possibility of snapping up a stake in Myanmar Brewery Ltd, sources familiar with the matter said. The conglomerate, Union of Myanmar Economic Holdings Limited (MEHL), was cleared to buy the stake, thought to be worth around $500 million, in October when it won an arbitration case against Fraser and Neave, Limited (SGX:F99). A Singaporean tribunal ruled that MEHL was entitled to buy out Fraser and Neave's 55% stake in Myanmar Brewery, taking full control of the brewer. The sources familiar with the matter said MEHL was looking for a partner in taking over Fraser and Neave's stake. The sources, who declined to be identified because the matter is private, said SABMiller was interested. It is not clear whether SABMiller would buy the entire stake or part of it.
POSCO Coated & Color Steel Co., Ltd. to Form Joint Venture with Myanmar Economic Holdings Limited
Sep 12 13
POSCO Coated & Color Steel Co., Ltd. has entered into a joint venture (JV) agreement with Myanmar Economic Holdings Limited (MEHL) to construct a colored steel sheet plant at an industrial complex in Yangon, Myanmar with an annual capacity of 50,000 tons of steel sheet. The JV is named as Myanmar-Posco C&C. POSCO will own a 70% stake and MEHL will own the remaining 30% stake in the JV.
MEHL Plans To Acquire Remaining Stake In Myanmar Brewery
Aug 29 13
Union of Myanmar Economic Holdings Limited (MEHL) holds 45% stake in Myanmar Brewery Ltd has told Fraser and Neave Ltd. (SGX:F99) (F&N) that it will soon issue a notice of arbitration for a potential claim to acquire remaining stake in Myanmar Brewery. MEHL contends that the joint venture agreement gives it the right to force F&N to sell all its shares in Myanmar Brewery comprises 55% stake. F&N said in a statement on August 29, 2013 that there is no basis for MEHL's move, adding that it has engaged lawyers and "intends to vigorously resist the claim".
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