LVT eyes Myanmar for cement venture | Bangkok Post: business

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LVT eyes Myanmar for cement venture

The MAI-listed LV Technology (LVT) will issue 396.69 million new shares to raise funds to invest in a cement business in Myanmar through a unit of the Max Myanmar Group of Companies.

LVT is an engineering consulting firm that mainly provides equipment and expertise to the cement market.

Hans-Jorgen Nielsen, LVT's founder and managing director, said setting up the new entity will give the company a 15% stake in Max Manufacturing Co.

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