Long-stop date for Yoma Strategic to acquire controlling interest in Digital Money Myanmar Limited extended to 14 September 2022

On 23rd June 2022, Singapore. YSH announced that the long stop date for a mobile payment joint venture (JV) in Myanmar and the proposed completion of acquisition of controlling interest in Digital Money Myanmar Limited from Telenor Group has been extended to 14/9/2022. All other terms in the proposed new acquisition remain unchanged. Source: YSH […]

Yoma’s stock price surge triggers SGX query

The Singapore Exchange Regulation (SGX RegCo) has issued a query to Yoma Strategic Holdings after the company’s shares spiked from its previous close of16.7 cents. Yoma Strategic was also the second-most traded counter on the SGX-ST as at 3.54pm, with 58.5 million shares changed hands. A total of 11.5 million shares in Yoma Strategic changed […]

Yoma reports 17.7% lower Q1 revenue but says profitability improved

MAINBOARD-LISTED Yoma Strategic Holdings Yoma Strategic : Z59 +6.08%, in a business update on Monday (Feb 14), reported group revenue of US$24.4 million for the Q1 ended Dec 31, 2021, down 17.7 per cent from its US$20.8 million in Q1 FY2020. The group, however, said its core operating Ebitda (earnings before interest, taxes, depreciation and […]

Ayala and Yoma team up to close Myanmar’s infrastructure gap

Conglomerates’ power and water plans promise to help offset limited public funds A girl collects drinking water outside Yangon: Myanmar’s economic development hinges on the construction of more modern infrastructure. © Reuters YANGON — If there is one thing Myanmar needs, it is infrastructure. Now, Yoma Group, one of the country’s biggest conglomerates, is looking […]

Yoma Strategic to bring Auntie Anne’s Pretzel to Myanmar

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 […]

Nationwide expansion to drive Wave Money’s growth

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]

FMI Plays Key Role in Singapore Listed Firm focusing on Myanmar Travel Market

First Myanmar Investment Co., Ltd. (“FMI”) together with its affiliated company, Yoma Strategic Holdings Ltd. (“YSH”) and Exemplary Ventures Ltd. (“EVL”) will transfer their equity interest in MM Myanmar Pte. Ltd., a tourism assets owned business, to Singapore Exchange listed SHC Capital Asia Ltd. (“SHC”) According to a press release on December 1, the transfer […]

Ex-banker builds on father’s property business

Yoma’s new CEO eyes diversified plate of projects in Myanmar Taking over the reins of his father’s business was not a move Mr Melvyn Pun had envisioned. “It was totally unexpected,” says Mr Pun, 37, now chief executive at Singapore-listed property and construction group Yoma Strategic Holdings. The former Goldman Sachs investment banker was appointed […]

Yoma hails Landmark breakthrough

A senior Yoma Strategic Holdings official has hailed as “hugely significant” a recent agreement signed with the Ministry of Rail Transport that paves the way for work to start on a US$400 million-plus development project in downtown Yangon. The company announced yesterday that it signed a framework agreement on December 31 with the ministry regarding […]

Digicel mulls sale of Myanmar towers

“Digicel has received a number of expressions of interest regarding an acquisition of the business and is evaluating the options relating to it,” say documents circulated ahead of its planned IPO on US markets later this year. Local reports suggested several companies had made initial bids and are undergoing a due diligence process Digicel made […]