Memories Group acquires a portfolio of assets including an island in Myanmar’s Mergui Archipelago

  Acquiring development rights over 5,100-acres islands, a 24-villa five-star hotel and a 72- room three-star hotel The combined purchase price of US$40.7 million will be funded by cash and issuance of new shares The new shares will be issued at a significant premium of 16.9% over the last traded weighted average price Memories Group’s […]

Memories Group expands Myanmar tourism portfolio by acquisition of Kayah Resort

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 […]

Memories Group Acquires Burma Boating, Eyes Further Portfolio Expansion

Deal to purchase luxury yachting business marks the first acquisition by Memories Group as it builds on its integrated tourism platform in Myanmar Burma Boating offers tourists a unique experience in the Mergui Archipelago Mergui Archipelago is expected to receive tourism boost as tender to upgrade the Kawthaung domestic airport to an international airport is […]

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 […]

Malaysia, Singapore-backed firm acquires tourism business from Serge Pun

SHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock Exchange, Yoma Strategic Investments and Exemplary Ventures for S$69.7 million. SHC Capital Asia is backed by Malaysian property developer See Hoy Chan and […]