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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 […]

Yoma Strategic Bullish on Myanmar Prospects

Yoma Strategic chief executive Melvyn Pun is confident about the firm’s future despite a sharp drop in its stock price earlier this month. Yoma released stellar second-quarter results on Nov 8 but its shares fell from 59 cents to 51 cents – a drop of more than 13 per cent – between Nov 11 and […]