Singapore Myanmar Investco (SMI)

Under the agreement, SMI will deliver 50 sets of crypto mining equipment for the pilot run of the crypto mining operations in Jan.

The group has proposed a share placement to raise $1.8 million to boost its tech and renewable energy initiatives.

SMI aims to initiate cryptocurrency mining-related service offerings for institutional and retail customers.

The company is also seeking to change its name to SMI Vantage Limited.

SINGAPORE (June 21): Singapore Myanmar Investco (SMI) says its joint venture partner Golden Infrastructure Group (GIG) has officially initiated legal action against the group’s sale of TPR Myanmar.

SINGAPORE (June 4): Singapore Myanmar Investco (SMI) and its 97%-owned subsidiary Myanmar Infrastructure Group have entered into an agreement for the proposed disposal of its entire interest in TPR Myanmar for US$10.8 million ($14.4 million) in cash.

SINGAPORE (May 28): Singapore Myanmar Investco (SMI) saw its full-year losses widen to US$9.8 million ($13.1 million) for the FY18 ended March, some 37.9% higher than losses of US$7.1 million a year ago.

SINGAPORE (Nov 20): OCBC says Singapore Myanmar Investco’s long-term growth story is still intact despite its insurgency problem in Rakhine state.

SINGAPORE (June 1): OCBC is maintaining its “buy” call on Singapore Myanmar Investco (SMI) with a fair value of 97 cents, thanks to its dominance in airport duty-free retail at Yangon International Airport.

SINGAPORE (April 7): OCBC Investment Research is keeping its “buy” call on Singapore Myanmar Investco (SMI) with an unchanged target price of 97 cents.