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Myanmar Investments International booked a full-year loss and said it was planning to wind up the company.
Pre-tax losses for the year through March amounted to $2.4m, compared to losses of $3.1m on-year.
'Given the slow pace of change in Myanmar and expectations that the next few years are likely to be difficult and volatile for the country's economy, the directors believe that the company's current strategy is unlikely to generate an appropriate risk-adjusted return commensurate with an investment in a frontier economy,' the company said.
'Accordingly, the directors feel that it is appropriate to start planning for an orderly disposal of our three investments with a view to ultimately winding up the company.'
At 1:16pm: (LON:MIL) Myanmar Investments International Ltd share price was 0p at 0.85p