SEE: Capital Group raises Nanofilm stake; Aberdeen trims holdings in Yoma Strategic
A one-year state of emergency under military rule has been declared, and the military has pledged to hold new elections after one year and operate in line with existing laws. “The political situation in Myanmar continues to evolve and remains unclear at this stage,” says Pun. “The company will continue to closely monitor the political developments in Myanmar and provide further updates as and when there are material developments,” he adds. Memories Group, a separately listed company linked to Yoma, made a separate but similar announcement.