Myanmar-based tourism-focused company Memories Group is acquiring the 26-key Kayah Resort in Myanmar’s Loikaw from Wa Minn Group of Companies and Kun Naung Myint Wai for S$2.9 million (US$2.2 million), an 11-times multiplier on the hotel’s forecasted average operating profit from FY2019 to FY2021. Kayah Resort is a 26-key boutique hotel located in Loikaw, Kayah […]
Singapore-listed Memories Group buys Myanmar’s Kayah Resort
June 5, 2018 by thiha
Filed Under: Latest News Tagged With: Kayah Resort, Kayah State, Kun Naung Myint Wai, Kyet Cave, Loikaw, Memories Group, Myanmar, Serge Pun, Wa Minn Group of Companies
Memories Group expands Myanmar tourism portfolio by acquisition of Kayah Resort
June 1, 2018 by thiha
Kayah Resort located in Loikaw, Kayah State, is a 26-key boutique hotel set to be repositioned as an upscale resort under Memories Group’s Keinnara brand The deal is the second acquisition for the Group since its listing on SGX-Catalist in January 2018 The acquisition will be funded by cash and issuance of new shares The […]
Filed Under: Latest News Tagged With: Kayah Resort, Keinnara brand, Kun Naung Myint Wai, Memories Group Limited, Serge Pun, Wa Minn Group of Companies Company Limited
;
To see more of our client click