MAINBOARD-LISTED Yoma Strategic Holdings’ Myanmar-based joint venture (JV), Wave Money, is giving its customers in Myanmar access to merchants of payments platform 2C2P through a tie-up. Some 17 million users of Wave Money’s app, WavePay, will be able to pay for purchases from 2C2P’s merchants through their mobile phones without having a bank account, 2C2P […]
YKKO: From small shop to major brand
August 14, 2019 by
From a small neighbourhood shop selling vermicelli and meatball soup about three decades ago, Yan Kin Kyay Oh (YKKO) has grown into a prominent Myanmar brand with 38 outlets across the nation. “We have branches in five cities – Yangon, Mandalay, Nay Pyi Taw, Mawlamyine and Bago. By the end of this year, we expect […]
Yoma Strategic Q1 loss widens to US$13.3m on lower real estate revenue, higher expenses
August 6, 2019 by
MYANMAR-FOCUSED Yoma Strategic Holdings incurred a net loss of US$13.3 million for its first quarter ended June 30, 2019, deepening from a net loss of US$5.6 million a year ago, amid lower real estate development revenues and higher finance expenses. Revenue shrank 11.5 per cent to US$18.6 million, down from US$21 million in the previous […]
Pernod Ricard takes 34% stake in Yoma whisky joint venture
July 23, 2019 by
FRENCH spirits giant Pernod Ricard has completed a deal to take a 34 per cent stake in Seagram MM Holdings, a joint venture between mainboard-listed Yoma Strategic, the Win Brothers and Delta Capital Myanmar which will produce and distribute whisky in Myanmar. Seagram MM Holdings is the holding company of Seagram Myanmar Company, a subsidiary […]
City Loft apartment sales gallery opened to the public
April 18, 2019 by
Yoma Land has just opened the City Loft @ StarCity Sales Gallery to provide apartment buyers an opportunity to view properties. City Loft @ StarCity is being built on a 22-acre master-planned site at StarCity in Yangon’s Thanlyin Township. The project is said to target the underserved middle-income market in Yangon and combines a competitive […]
Yoma to snap up YKKO for $12.6m
February 19, 2019 by
Conglomerate Yoma Strategic will acquire a 65 percent-stake in Myanmar restaurant chain YKKO in a deal worth US$12.6 million. YKKO – formally known as Yankin Kyay Oh Group of Companies – was founded in 1988. It has humble beginnings as a small, family-run restaurant in Yangon’s Yankin but now boasts 37 outlets in the three […]
Yoma Land targets middle-income buyers with new property project in Yangon
January 9, 2019 by
Yoma Land this month introduced a new real estate project targeted at middle-income earners. The firm, an umbrella branch of Yoma Strategic and First Myanmar Investment Company, on December 21 launched City Loft, a new property project targeting young working professionals. The property will be developed in phases at a 22-acre site within Yoma’s Star […]
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 […]
Yoma Strategic in partnership to enter Myanmar’s heavy equipment sector
September 25, 2018 by
MAINBOARD-listed Yoma Strategic said on Monday that its subsidiary Yoma Fleet is partnering up with Myan Shwe Pyi Tractors (MSP CAT), the authorised dealer of Caterpillar-branded heavy equipment in Myanmar. Yoma Fleet is an automotive and heavy equipment financing platform, and the new partnership will support MSP CAT’s retail and rental business, as well as […]
FMI ventures into affordable housing
August 3, 2018 by
First Myanmar Investment (FMI) will be investing in the affordable housing sector in a bid to offset falling revenue from its construction businesses, FMI chair Serge Pun said during the firm’s 26th annual general meeting, held at the Yangon National Theatre, on July 29. He said the domestic property sector has no demand as those […]
