Serge Pun

Myanmar tycoon open to foreign investment in wake of Ayala deal

(Nov 29): Myanmar tycoon Win Aung is open to foreign investment in the listed industrial-estate provider he oversees, following Ayala Corp’s tie-up with a firm traded on the nation’s fledgling stock exchange.

In an interview in Yangon, Win Aung said a stake sale is an option as he plans to expand Myanmar Thilawa SEZ Holdings, which operates a manufacturing zone where 109 firms have opened factories or plan to do so.

Asian investors are smarter, says Yoma's Pun

SINGAPORE (Nov 16): Serge Pun, executive chairman of Yoma Strategic Holdings, bats aside suggestions that he is accepting investment from Ayala only because Western enthusiasm for Myanmar’s growth story has waned. “Asian investors are a lot smarter than Western investors,” says Pun at a media briefing on Nov 16.

On Nov 14, Ayala Corporation, Philippines’ oldest business conglomerate, announced it is investing up to US$237.5 million ($324 million) in exchange for a 20% stake in Singapore-listed Yoma Strategic, and Yangon-listed First Myanmar Investment Company.

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.

Myanmar tourism stock soars away from crisis

SINGAPORE (Jan 8): A Myanmar tourism company soared up and away from the country's humanitarian crisis. Tycoon Serge Pun's hot-air balloon operator Memories Group had a strong debut after reversing onto Singapore's junior exchange on Friday. The shares have jumped 60% even as a campaign persists against the Rohingya Muslim population that the United Nations has condemned as ethnic cleansing. It's hard to square the financial optimism with the political realities.

Myanmar's first tourism stock starts trading in Singapore

(Jan 5): Thousands of tourists have floated in a hot-air balloon over Myanmar’s historic Bagan plains dotted with more than 2,200 ancient Buddhist temples, pagodas and monasteries. Chances are they rode one of Memories Group’s inflatables.

Golden Glory plans Singapore IPO for Myanmar property push

SINGAPORE (June 1): Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering in Singapore this year as the opening of the frontier market spurs property demand in Southeast Asia’s fastest-growing economy.

The Singapore-based company is targeting an US$80 million to US$100 million ($110-$138 million) initial share sale, raising capital to help fund land bank acquisitions in Myanmar, Chief Executive Officer Christopher Wu said in an interview in Yangon.

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