Mainboard-listed company Yoma Strategic Holdings will be acquiring a 65 per cent stake in one of Myanmar’s largest restaurant chains, Yankin Kyay Oh Group of Companies Limited (YKKO), for around 19.4 billion kyat (S$17.1 million), the company said in a media statement. The amount, to be funded by internal resources and recent financing activities, took […]
Yoma snags franchise deal to bring Auntie Anne’s pretzels to Myanmar
November 12, 2018 by
YOMA Strategic Holdings on Wednesday said it has signed a franchise agreement with Focus Brands to bring the Auntie Anne’s brand of hand-rolled soft pretzels to Myanmar with the first store in Yangon to be opened in the coming months. In a joint release, the companies added that they have a “more ambitious expansion planned […]
Yoma Strategic to bring Auntie Anne’s Pretzel to Myanmar
November 8, 2018 by
First store scheduled to open in Yangon with ambitious expansion planned during the next five years Targeting Myanmar’s growing middle class, Auntie Anne’s™ will sit alongside KFC and Little Sheep Hotpot in Yoma F&B’s expanding franchise portfolio Yangon, 7 November 2018 – Yoma Strategic Holdings Ltd. (“Yoma Strategic”) and Auntie Anne’s™ parent company FOCUS Brands […]
Myanmar property group sees its future in consumer sector
September 18, 2018 by
In the heart of Yangon, the commercial capital of Myanmar, the former headquarters of Myanmar Railways is surrounded by white steel frames. The historic redbrick building, more than a century old, is being restored and will be the future site of the Peninsula Yangon, a luxury hotel set to open in 2021. The grand structure […]
Yoma Strategic unveils new plans, new name
July 6, 2018 by
The family-run holdings company behind Yangon luxury developments Pun Hlaing Estate, StarCity and Yoma Central announced on June 26 that the real estate portion of their business dealings will be rebranded under the name Yoma Land and that they will also be delving into “mass market product offerings.” While Yoma Land Managing Director Cyrus Pun […]
Myanmar throws weight behind Hong Kong as BRI “superconnector”
July 5, 2018 by
Myanmar recognises Hong Kong’s “distinctive role” as the Belt and Road Initiative’s “super connector”, a cabinet minister said last week during an official visit to the city, while businesses urged Nay Pyi Taw to take a more proactive approach in the scheme. Newly appointed chair of the Myanmar Investment Commission (MIC) U Thaung Tun, who […]
Yoma estimates middle-class population to reach 10m by 2020
June 4, 2018 by
Yoma claims the number of middle-class earners will reach 10 million in Myanmar by 2020 and that they will be looking to expand their businesses to serve them. Company CEO Melvyn Pun said on May 30 that their aim was to serve as the forerunner in Myanmar’s food and beverage industry. Yoma Strategic Co has […]
Yoma to upgrade taxis, offer vehicle financing for Grab drivers in Myanmar
March 15, 2018 by
YOMA Strategic Holdings has signed an agreement with ride-hailing service Grab, which will see the mainboard-listed company upgrading the fleet of taxis in Myanmar, and providing vehicle financing for Grab’s drivers in the country. The partnership with Yoma will support Grab’s recently launched services, GrabTaxi Plus and Grab for Business services, as GrabTaxi drivers use […]
This ex-Goldman banker quit to take over an empire in Myanmar
January 23, 2018 by
SINGAPORE — When Melvyn Pun agreed to take his former boss to Myanmar in 2012, little did he know that the trip would cause him to quit his high-profile job at Goldman Sachs Group. Melvyn had wanted to stay as head of corporate sales for Asia excluding Japan at Goldman, rather than join his father […]
New Companies Law a game changer for bourse
December 12, 2017 by
The enactment of the new Myanmar Companies Law will bring about change for local companies listed or planning to list on the Yangon Stock Exchange (YSX), leading to further development in the economy. Under the new Companies Law, which was officially signed into legislation by President U Htin Kyaw on Wednesday, foreigner investors will now […]
