RCS - Asia Strategic Ltd - EXERA Myanmar Achieves ICoCA Accreditation

Asia Strategic HoldingsAnnouncement

12/06/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240612:nRSL0279Sa&default-theme=true

RNS Number : 0279S  Asia Strategic Holdings Limited  12 June 2024

RNS Reach - non-regulatory announcement*

12 June 2024

Asia Strategic Holdings Ltd.

("Asia Strategic" or the "Company")

 

EXERA Myanmar Achieves Accreditation by the

International Code of Conduct Association

 

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and
operator of consumer businesses located in emerging Asia, announces that its
subsidiary, EXERA Myanmar ("EXERA"), recently received its accreditation as a
Certified Member by the International Code of Conduct Association ("ICoCA").
This marks a significant milestone in EXERA's commitment to upholding ethical
standards and best practices in the private security industry.

 

The ICoCA accreditation serves as a testament to EXERA's commitment to
transparency, accountability, and adherence to internationally recognised
principles. By achieving this accreditation, EXERA demonstrates its alignment
with global standards for responsible and ethical conduct in the provision of
security services. As a leading provider of integrated security solutions,
EXERA has consistently prioritised professionalism and integrity in its
operations.

 

The accreditation process involved a rigorous evaluation of EXERA's policies,
procedures, and practices against the ICoCA Code of Conduct and associated
standards. This comprehensive assessment reaffirms EXERA's compliance with the
principles of human rights, humanitarian law, and international best practices
in the private security sector.

 

EXERA remains committed to continuous improvement and will uphold the values
contained in the ICoCA Code of Conduct as it delivers security solutions
across Myanmar.

 

Enrico Cesenni, Chief Executive Officer of Asia Strategic Holdings, commented:

 

"I am delighted that EXERA Myanmar has been recognised by the ICoCA. This
accreditation further reinforces EXERA's position as a trusted partner for
organisations that seek pragmatic and innovative security services, meeting
the highest ethical standards."

 

Cedric Martin, General Manager at EXERA, commented:

 

"We are honoured to receive accreditation from the International Code of
Conduct Association. This achievement underscores our steadfast commitment to
ethical business practices and our dedication to ensuring the safety and
security of our clients, personnel, and the communities in which we operate."

For more information, please visit www.asia-strategic.com
(http://www.asia-strategic.com/)  or contact:

 Asia Strategic Holdings Ltd.                                richard@asia-strategic.com (mailto:richard@asia-strategic.com)

 Richard Greer, Independent Non-Executive Chairman           enrico@asia-strategic.com (mailto:enrico@asia-strategic.com)

 Enrico Cesenni (OSI), Founder and Chief Executive Officer

 Allenby Capital Limited (Broker)                            +44 (0)20 3328 5656

 Nick Athanas

 Nick Naylor

 Lauren Wright

 Yellow Jersey PR (Financial PR)                             +44 (0) 20 3004 9512

 Shivantha Thambirajah

 Bessie Elliot

 

Notes to editors:

Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and
operator of consumer businesses in Emerging Asia, specifically Vietnam and
Myanmar, two of the world's fastest-growing economies. The company's portfolio
focuses on Education and Services.

Education: the company operates brands in English language learning, coding,
K-12 international school, and tertiary education, with 20 schools serving
approximately 8,700 students as of 30 September 2023.

The company entered into an exclusive agreement with Wall Street English in
2017 for operating rights in Myanmar and secured rights to operate Wall Street
English Vietnam through an acquisition in 2020. In September 2023, Wall Street
English Myanmar operated five schools and served ca.  3,700 students, while
Wall Street English Vietnam operated seven schools and served ca. 3,700
students.

The company also signed an exclusive agreement with Kids&Us in 2022 to
offer English language learning for children in Vietnam and Myanmar. On 30
September 2023, Kids&Us Vietnam operated four schools and served ca. 400
students, while Kids&Us Myanmar operated one school and served ca. 100
students.

In 2023, the Group entered into exclusive franchising agreements with
Logiscool to develop coding schools for children in Vietnam and Myanmar.
The company opened its maiden coding school in November 2023 in Ho Chi Minh
City, Vietnam and its second school in December 2023 in Yangon, Myanmar

Yangon American International School launched in August 2019. It is an
accredited International Baccalaureate ("IB") Primary Years Programme ("PYP")
school and a candidate school for the IB Middle Years Programme ("MYP")
accreditation. It offered up to seventh grade in this Academic Year 2023/24
and served ca. 100 students on 30 September 2023.

The company has partnerships with Auston Institute of Management (Singapore)
and Liverpool John Moores University (UK) to offer internationally recognised
engineering and IT diplomas and degrees. Auston has two campuses in Yangon and
Mandalay and had ca. 750 enrolled students on 30 September 2023.

Services: through its acquisition of EXERA in 2018, the Group provides
protection of assets, risk management, and secure logistics services. EXERA
employs approximately 1,400 well-trained security officers in Myanmar. The
company also manages two boutique hotels in core tourist destinations in
Myanmar under the brand Ostello Bello.

Deploying an asset-light strategy, Asia Strategic Holdings is well-positioned
to offer investors early exposure to the robust fundamentals of Vietnam and
Myanmar.

To receive news alerts on Asia Strategic Holdings please sign up here under
the 'RNS' header: https://asia-strategic.com/investor-relations/
(https://asia-strategic.com/investor-relations/)

 

For more information about EXERA and its accreditation by ICoCA, please visit
www.exera.asia or contact +95 9775 111 511 - enquiry@exera.asia
(mailto:enquiry@exera.asia) .

 

About ICoCA:

The International Code of Conduct for Private Security Service Providers
Association (ICoCA) is a multi-stakeholder initiative established to promote
responsible, transparent and accountable provision of private security
services. ICoCA accredits private security companies that demonstrate
adherence to its Code of Conduct and associated standards, fostering trust and
confidence in the private security industry worldwide.

 

*About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted companies to distribute media only /
non-regulatory news releases into the public domain.  Information required to
be notified under the Market Abuse Regulation or other regulation would be
disseminated as an RNS regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUARNRSUUNAAR