Serge Pun

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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