Oxley Expands to Myanmar

Oxley Holdings Ltd announced that it has incorporated a subsidiary in Myanmar as part of its expansion plans.

Of the total, 49,999 shares are held by Oxley Yangon Company Limited, a wholly -owned subsidiary of the group, and one share is held by Ching Chiat Kwong, executive chairman and CEO of the company. Myanmar law requires at least two shareholders.

Last September, Oxley signed an agreement to develop a 20-storey commercial and residential development, Min Residence, in Mayangon township in northern Yangon. The project, which will be on a 3,185-acre (1,289 hectare) plot of land owned by U Yang Ho, will take about three years to finish.

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