WE Holdings

WE Holdings: Next company to announce its Foray into Myanmar. Grp has entered into a sale and purchase agreement for 148.3m shares in the capital of the co. One of the Purchasers, SingYaSin SMC Technologies is also a placee under the Proposed Placement and will hold approximately 11.72% of the enlarged share capital of the Co upon completion of the Proposed Sale & Placement. SYS is engaged in the business of commodity and metal trading. Following the completion of the Proposed Sale, the Co plans to tap into and build on SYS’s experience and expertise to expand into the resources industry as and when the opportunity arises. Presently, the Co is exploring the prospects of entering into the resource business in Myanmar, as well as other regions; and (ii) other business opportunities in Myanmar.