Aussino

Aussino: Ayeyarwady Bank is amongst the 4 Myanmar banks that US entities are now allowed to work with (see posting directly above). Ayeyarwady Bank website states U Zaw Zaw as the founder, majority shareholder and Executive Chairman. This could offer a first hint that the US may eventually move to a more accommodating stance, and remove Zaw Zaw from its blacklist of individuals under targeted sanctions. If so, this would greatly accelerate the $70m reverse takeover (RTO) process at Aussino, which is currently scrutinized by Singapore regulators. Recall, Zaw Zaw has plans to inject a chain of petrol kiosks under his Max Myanmar group, into Aussino. The stock is +1.9% at $0.265.