PROJECT

Projects

Summary of Investment Information

Project Number

35127

Company Name

CITY MART HOLDING COMPANY LIMITED

Date SPI Disclosed

Sep 8, 2015

Country

Myanmar

Region

East Asia and the Pacific

Projected Board Date

Oct 12, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

May 19, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Jan 7, 2016
Signed : Jan 11, 2016
Invested : Feb 10, 2016

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

The proposed investment of up to US$25 million is to participate in the expansion plan of US$46 million of a retail company, City Mart Holding Company Limited (“CMHL”, or the “Company”), which operates hypermarkets and supermarkets in Myanmar (the “Project”).

Associated Advisory Engagement

IFC has engaged with the company on food safety advisory services.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation