In line with its new direction, the company announced that The9, a NASDAQ-listed high-tech internet company, has invested $332,500 with a 90-day option to subscribe for new shares in Singapore Myanmar Investco for the additional sum of up to $997,500.
Singapore Myanmar Investco has unveiled its new business direction on June 30 following a strategic review of its continuing business operations in order to maximise value for its shareholders.
The new direction will see the company dipping its toes into cryptocurrency, Software-as-a-Service (SaaS) and other high-tech platforms.
