|Company Name||Myanmar Thilawa SEZ Holdings Public Ltd. (MTSH)|
|Date formed||3rd May 2013||Management||U Aung Soe Tha (Managing Director)|
|Date listed||20th May, 2016||Financial year||1st April to 31st March|
|Address||Room No. 1103, 11th Floor, UMFCCI Office Tower, No.29, Min Ye Kyaw Swar Road, Lanmadaw Township, Yangon, Republic of the Union of Myanmar|
MTSH is a public company that owns shares and invests in other companies engaged in real estate development in Myanmar. It was established by a Myanmar consortium comprising of nine principal shareholders primarily (but not exclusively) for the purpose of participating in the Thilawa Special Economic Zone (Thilawa SEZ) Project.
The Thilawa SEZ Project is primarily an industrial park development, which the Myanmar Government and the Japanese Government have agreed to cooperate to develop and also include logistic zones, Residential and Commercial development.
MTSH’s principal business activities are as follows:
● Investment in Myanmar Japan Thilawa Development Ltd. (MJTD), the joint venture company undertaking the development, construction, marketing, lease, sale and operation of the Zone A Project. Apart from being a shareholder in MJTD, MTSH has a Management Agreement with MJTD. MTSH also has a Marketing Agreement with MJTD to separately seek out and secure possible tenants/locators for Thilawa SEZ Zone A Project.
● Investment in Thilawa Property Development (TPD), which will engage in the development, construction, marketing, sale and operation the Residential and Commercial Component of the Zone A Project.
● Engage in the development of the Thilawa SEZ (other than the Zone A Area) or any part thereof as may be determined by our Directors in their discretion.
MTSH plans to create and ensure long-term value by investing in other real estate development projects in the Thilawa SEZ and in Myanmar (other than in the Thilawa SEZ), as may be allowed by its Memorandum and Articles of Association and Applicable Laws.
Although the Company believes that majority of its earnings in the next few years will still come from MJTD and TPD and its current projects, it recognizes that it is important for the Company to expand in order to diversify its sources of earnings and to make sure that the Company has recurring and dependable income.