🍀Daiwa PI to Invest in Oway Pte. Ltd. in Singapore/Myanmar
Daiwa PI Partners Co. Ltd. (President: Hideki Araki, Headquarter: Gran Tokyo North
Tower 1-9-1, Marunouchi, Chiyoda-ku, Tokyo/”DPI”), a subsidiary of Daiwa Securities Group Inc.,
invested US$5.0mn to acquire stake in Oway Pte. Ltd. (CEO: Nay Aung, Headquarter of Myanmar
Business: A3 Min Yee Kyaw Swar Road, Min Yee Kyaw Swar Business Building, LanMaDaw
Township, Yangon, Myanmar/”Oway”). This deal is DPI’s second private equity investment in
Myanmar.
Oway, through its affiliate companies in Myanmar, provides online travel agency
business, taxi hailing business and e-payment through its mobile application to Myanmar
business enterprises as well as consumers. Myanmar’s smartphone penetration rate has been
rapidly increased after the opening of the mobile phone licenses to foreign players in 2014 and the
number of broadband internet users is also fast growing.Daiwa Securities Group Inc. / Daiwa Securities Group Information