SINGAPORE WINDSOR HOLDINGS LIMITED | Annual Report 2015
7
In FY2015, we began discussions with Europe’s leading
car
rental
company, Europcar, for a sole franchise agreement
for Myanmar and this was successfully concluded recently.
Promising opportunities have been identified across a
range of customer categories that will include international
companies setting up in Myanmar, guests of international
hotels and airport transfers.
The Group continues to look for
additional business
opportunities
in Myanmar, particularly those that could
quickly become cash generative and sustainable.
Organisation
– We have been fortunate enough to be
able to quickly develop a management team that blends
a number of well-experienced executives with a highly
motivated and well-educated team of younger executives.
Each new business is being managed and operated by a
highly experienced professional in that field.
UPDATES
The business prospects based on the businesses that the
Group has set up in Myanmar in the last quarter of FY2015
and the new business being established in the early part
of FY2016 looks to hold much promise for the year ahead.
As noted above, an agreement with Ooredoo Myanmar
was signed, in May 2015, to build-and-lease 500
telecommunication towers. An experienced group of
industry professionals has been assembled to manage and
fulfil this contract, which will be rolled out over a 18-month
period, starting from 1st July 2015.
The agreement with Europcar was reached in May 2015.
A well-experienced general manager has been appointed
and a comprehensive vehicle fleet will soon be available to
leading international companies, hotels and at YIA.
In our duty-free retail business segment, I am pleased to
advise that discussions were successfully concluded in May
2015 with the signing of a long term supply agreement with
DFS, the world’s leading travel retailer.
These updates confirm our ability to conclude agreements
with a number of major international companies. This will
have a profoundly positive impact for the Group as we re-
shape our business model to develop a significant asset
base as well as positive income flow.
MARK BEDINGHAM
Executive Director, President and Chief Executive Officer
