21 December 2016, Singapore - 8I Holdings Limited (ASX: 8IH) ("8IH" or "the Group") is pleased to announce that its subsidiary, Hemus Pacific Private Limited ("Hemus") has successfully organised and managed the Myanmar leg of DJ Run Festival on 19 December 2016.
DJ Run Festival is an international race franchise that spans across seven countries in the Asia Pacific such as Australia, Indonesia, Myanmar, Malaysia, Taiwan, Thailand and Singapore. Helmed by local and Asian DJs, the DJ Run Festival has five different DJs heading the live music for every kilometre of the run, while participants are encouraged to dress up, revel and dance the course away.
"We are pleased to have successfully brought an international entertainment event which ticks all the right boxes of creating true entertainment value to Myanmar. Our foray with DJ Run Myanmar has further affirmed our event management capabilities, not just in Singapore but also in the region that we are in, " Thomas Tan, General Manager of Hemus commented.
Ken Chee, Executive Chairman of 8IH said: "While Hemus continues to excel in space management and promotional events organization in Singapore, they have also expanded and enlarged their capabilities to a wider region, which is in line with 8IH's expansion philosophy. We continue to believe in Hemus and its management since we first made the decision to acquire them, and look forward to provide Hemus with our support in their long-term growth as their major shareholder."
8IH holds 51% of Hemus via its wholly owned subsidiary 8 Business Pte Ltd, which the Group identifies and selects private businesses in Asia Pacific with high growth potential, appropriately referred to as "Growth Champions".
About 8I Holdings Limited
With offices in Singapore, Kuala Lumpur and Shanghai, 8I Holdings Limited is an investment holding company focused on investing in public listed companies and private businesses based on the principles of value investing. Through 8I Education, it is also one of the leading financial education and training providers in Singapore and Malaysia, supporting its participants to build a foundation of value investing knowledge and methodology.