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SINGAPORE, April 28, 2016 /PRNewswire/ -- Ayuroma International Private Limited, a Myanmar-focused corporate advisory and development firm, has been restructuring and developing Myanmar companies since 2011.
Last week, Ayuroma successfully helped Myanma Annwa Swan A Shin Group (S) Co Ltd., operating as Myanmar Industrial Port (MIP), secure the first tranche of IFC debt, which is expected to be $200 million in total. For the past two years, Ayuroma has been responsible for MIP's corporate development, which allowed MIP to be in a position to secure international capital. The firm was implementing international business standards and managing MIP's transition towards increasing transparency and corporate governance.
Captain Ko Ko Htoo, Chairman of MIP, stated, "The successful placement of IFC debt and convertible debt facility has been a big stepping stone for MIP and we recognize Ayuroma's partnership in working with us for two years in this journey. We appreciate Ma Cherry and Chris's tireless efforts in ensuring our success in this journey."
"Traditionally, Myanmar corporations have been operating under family leaderships which have successfully grown to mega businesses. These family-run businesses invariably need advice and operational expertise in ring-fencing each separate entity as a stand-alone company," said Ma Cherry Trivedi, Managing Director of Ayuroma International Pte., Ltd. "This intensive exercise is time-consuming since it involves a good amount of corporate change from accounting to governance to operational restructuring by the advisors with the support of the owners and stakeholders."
"Myanmar Industrial Port in the past two years has seen its TEUs grow by 94% in total to finish this year at 406,000. Fortunately, U Ko Ko Htoo and Daw Sandar Aung have the foresight to expand the port at the correct time in order to meet the demand of the massive TEU growth which Myanmar has experienced since 2011," said Chris O'Connor, Director at Ayuroma. "Myanmar is expected to generate 8-9% GDP for a number of years, which bodes well for continued strong container growth. We expect to see dramatic growth in its agricultural and manufacturing bases, which could easily result in its overall TEUs numbers expanding from 1 million in 2015 to 3-4 million TEUs within a few years."
About Ayuroma International Pte., Ltd.
Ayuroma International Private Limited is a specialized Corporate advisory firm with a specific focus in Myanmar Market. It is led by Myanmar-born Ma Cherry Trivedi and Chris O'Connor who have extensive experience in operations, investment banking and private equity.
About Myanma Annwa Swan A Shin Group (S) Co Ltd/ Myanmar Industrial Port
Myanma Annwa Swan A Shin Group (S) Co Ltd (MAS) is a leading container terminal (operating as Myanmar Industrial Port) in Ahlone, Yangon. The Company has been operating for 12 years and currently has 5 wharfs, a Custom Bonded Warehouse and Inland Container depots.
In Singapore and Myanmar
Ma Cherry Trivedi (Ayuroma and MIP)
Phone: +65 81393968 (Singapore)
+959977667771 (Myanmar)
Email: macherry@ayuroma.com
Logo - http://photos.prnasia.com/prnh/20160427/8521602711LOGO
Photo - http://photos.prnasia.com/prnh/20160427/8521602711
