First Myanmar Investment Company (FMI)

OUE Lippo Healthcare snaps up stakes in six Myanmar medical facilities for $26.5 mil

SINGAPORE (Jan 10): OUE Lippo Healthcare (OUELH) is acquiring stakes in three hospitals, one medical centre and two clinics to expand its foothold in Myanmar.

The three hospitals, with a total bed capacity of 370 beds, are located in the key cities of Yangon, Mandalay and Taunggyi. The core services offered by the hospitals include emergency, out-patient, in-patient, laboratory, imaging, physiotherapy, medical check-up, overseas clinical services, across practices including Cardiology, Orthopaedics, Obstetrics and Gynaecology.

Yoma acquiring 34% stake in Myanmar's Wave Money for $25.6 mil

SINGAPORE (Mar 6): Yoma Strategic is adding a fourth core pillar of financial services to its businesses of real estate, consumer and automotive & heavy equipment in Myanmar.

Yoma is acquiring a 34% stake in Digital Wave Money Myanmar Co. for US$19.4 million ($25.6 million) from First Myanmar Investment Company (FMI).

Wave Money is Myanmar's first licensed provider to offer simple and reliable mobile financial services to consumers in the country.

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