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City Mart and Sandanila Investments launch City Invest Fund

City Mart Holding Co Ltd (CMHL) in conjunction with Sandanila Investments will be launching the City Invest Fund, which will be an investor and partner to small and medium-sized enterprise (SME) food manufacturers.

The primary motivation for the fund is to help increase the quality, quantity, and proportion of products made in Myanmar in modern retail.

Many business leaders agree that SMEs need to be further developed in order for a country to progress. Nowadays, there are many economy groups helping SME manufacturers. Being the benchmark of excellence for responsible business practices and a leading contributor in helping the government create economic value, CMHL will support this effort by way of launching the City Invest Fund.

“The City Invest Fund will provide financing and along with this funding we aim to provide technical assistance, capacity building, marketing strategy for wider market access and training to improve production quality and standards. We are inviting manufacturers with a strong desire to improve their products and processes to partner with us,” said Daw Htet Htet Khaing, Business Development Manager of CMHL.

The advisory board of the fund will be led by CMHL CEO Daw Win Win Tint. Fund investments and operations will be led by Sandanila Managing Partner, Daw Thiri Thant Mon, who will also serve as the Managing Director of City Invest Fund.

Sandanila is a business group based in Myanmar that is a partner and catalyst for international investment capital entering the Myanmar business economy. Sandanila invests its own capital and that of its partners into interesting opportunities where it sees potential for the long term creation of value through dividends and capital appreciation.

Daw Htet Htet Khine will lead the liaison between CMHL and City Invest Fund.

SOURCE: MYANMAR TIMES

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