7 March
2024
Asia Strategic Holdings
Ltd.
("Asia
Strategic" or the "Company")
Result of AGM
Asia Strategic Holdings
Ltd. (LSE: ASIA), the independent developer and manager
of consumer businesses located in emerging Asia, is
pleased to announce that at the Company's Annual General Meeting
("AGM") held earlier today, all resolutions were duly
passed.
For more information, please
visit www.asia-strategic.com or
contact:
|
Asia Strategic
Holdings Ltd.
Richard Greer, Independent Non-Executive
Chairman
Enrico Cesenni (OSI), Founder and Chief
Executive Officer
|
richard@asia-strategic.com
enrico@asia-strategic.com
|
|
Allenby Capital
Limited (Broker)
Nick Athanas
Nick Naylor
Lauren Wright
|
+44 (0)20 3328 5656
|
|
Yellow Jersey PR (Financial
PR)
Sarah Hollins
Bessie Elliot
|
+44
(0) 20 3004
9512
|
Notes to editors
Asia Strategic Holdings Ltd. (LSE:
ASIA) is an independent developer and operator of consumer
businesses in Emerging Asia, specifically Vietnam and Myanmar, two
of the world's fastest-growing economies. The company's portfolio
focuses on Education and Services.
Education:
the company operates brands in English language learning, coding,
K-12 international school, and tertiary education, with 20 schools
serving approximately 8,700 students at 30 September
2023.
The company entered into an
exclusive agreement with Wall Street English in 2017 for operating
rights to Myanmar and secured rights to operate Wall Street English
Vietnam through an acquisition in 2020. At September 2023, Wall
Street English Myanmar operated five schools and served ca.
3,700 students, while Wall Street English Vietnam operated seven
schools and served ca. 3,700 students.
The company also signed an exclusive
agreement with Kids&Us in 2022 to offer English language
learning for children in Vietnam and Myanmar. At 30 September 2023,
Kids&Us Vietnam operated four schools and served ca. 400
students, while Kids&Us Myanmar operated one school and served
ca. 100 students.
In 2023, the Group entered into
exclusive franchising agreements with Logiscool to develop coding
schools for children in Vietnam and Myanmar. The
company opened its maiden coding school in November 2023 in Ho Chi
Minh City, Vietnam and its second school in December 2023 in
Yangon, Myanmar.
Yangon American International School
launched in August 2019. It is an accredited International
Baccalaureate ("IB") Primary Years Programme ("PYP") school and a
candidate school for the IB Middle Years Programme ("MYP")
accreditation. It offered up to seventh grade in this Academic Year
2023/24 and served ca. 100 students at 30 September
2023.
The company has partnerships with
Auston Institute of Management (Singapore) and Liverpool John
Moores University (UK) to offer internationally recognised
engineering and IT diplomas and degrees. Auston has two campuses in
Yangon and Mandalay and had ca. 750 enrolled students at 30
September 2023.
Services:
through its acquisition of EXERA in 2018, the Group provides
protection of assets, risk management, and secure logistics
services. EXERA employs approximately 1,400 well-trained security
officers in Myanmar. The company also manages two boutique hotels
in core tourist destinations in Myanmar under the brand Ostello
Bello.
Deploying an asset-light strategy,
Asia Strategic Holdings is well-positioned to offer investors early
exposure to the robust fundamentals of Vietnam and
Myanmar.
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header: https://asia-strategic.com/investor-relations/
