fbpx

Rice-mad Myanmar eyes diversification of crops

Opening the lid of her rice cooker, a luxury bought when power finally came to their village in central Myanmar three years ago, Tin Aye scooped out two fat ladles for breakfast. “I cannot go without eating rice. Since the start of the day, all my stomach asks for is rice,” said the 52-year-old mother […]

Tokyo Century to buy fifth of Yoma Strategic auto leasing unit as it looks to expand in Myanmar

Tokyo Century Corp. will buy a fifth of Yoma Strategic Holdings Ltd.’s vehicle leasing business in a bid to expand in Myanmar and explore further collaboration with the Southeast Asian conglomerate. The Japanese leasing services firm will buy a 20 percent stake in Yoma Fleet via newly issued shares for $26.6 million, Yoma Group said […]

Yoma Strategic in $26.6m share deal with Tokyo Century to grow Myanmar vehicle leasing business

Mainboard-listed Yoma Strategic Holdings said on Monday (April 22) that Japanese leasing company Tokyo Century Corporation will acquire a 20 per cent stake in its subsidiary Yoma Fleet for $26.6 million by way of newly issued shares. Upon satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic will […]

Myanmar’s exchange takes its time learning to walk

Three years after it was founded, Yangon Stock Exchange is marooned, which doesn’t augur well for developing the capital markets. Myanmar’s stock exchange could hardly be in a better location. The imposing stone building commands a corner on one of downtown Yangon’s busiest intersections and was originally the central Reserve Bank of India’s branch when […]

Metro’s Myanmar subsidiary secures US$20m IFC loan

The Myanmar subsidiary of German retail group Metro AG has raised a US$20m loan from the International Finance Corporation, the private-sector arm of the World Bank. The subsidiary Metro Wholesale Myanmar is a 85pc-15pc joint venture between Frankfurt-listed Metro AG and Singapore-listed Yoma Strategic Holdings, offering one-stop wholesale food service distribution for hotels, restaurants, retailers, […]

Yoma and Kokubu to enter joint venture with KOSPA

Yoma Strategic Holdings Ltd. and Kokubu Group today welcomed SF Holding Co., Ltd., a technology-led international logistics service provider based in China, as a joint venture partner in KOSPA Limited, subject to the satisfaction of certain conditions, according to a press release. SF Holding will acquire a 25 per cent stake in KOSPA for a […]

Yoma Strategic buying Myanmar restaurant chain Yankin Kyay Oh for 19.4b kyat

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 Strategic taps Thai bond investors for new source of capital

Yoma Strategic Holdings is planning a bond offering to raise THB2.3 billion (US$70 million) in Thailand. The bonds have been given a triple A rating, according to a statement filed with the Singapore Exchange on Wednesday. The bonds, which will be guaranteed by the Asian Development Bank’s Credit Guarantee and Investment Facility (CGIF), will enable […]

Yoma snags franchise deal to bring Auntie Anne’s pretzels to Myanmar

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

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 […]