Latest Posts By Atom99
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| 09-Nov-2016 13:43 |
CNMC Goldmine
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Goldminer
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Look like Donald Trump is going to cause a stunning upset.GOLD prices to shoot up?
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| 09-Nov-2016 13:38 |
CNMC Goldmine
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Goldminer
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Clinton 214
Trump 244
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| 08-Nov-2016 08:23 |
Yoma Strategic
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YOMA
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Yoma Strategic?s 2Q2017 Net Profit Attributable to Shareholders rose significantly to S$8.5 million.
All three core businesses recorded improvements for the quarter. Telecommunication towers contributed S$14.7 million to net profit. Sold 12.5% stake of its telecommunications towers investment at US$35 million and will book an additional profit of US$4.8 million in 3Q2017. Please go to SGX WEBSITE http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/company_announcements for a detailed reports.
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| 27-Oct-2016 08:59 |
Alita Resources
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alliance mineral resources move up
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Trexxx
My pleasure.We here to share information and make decision based on facts ... and make a return on our investment.
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| 27-Oct-2016 07:28 |
Alita Resources
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alliance mineral resources move up
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I was there,nothing much to share.The AGM ended pretty fast,abt 1/2 hr. We manage to spoke to the CEO,she was very positive abt the prospect of the company.She has also met with people at TEMASEK...sound positive, didn't tell us much.
Take note that this mineral company in Australia,by the name of Tawana resourcehttp://www.tawana.com.au, is in the process of acquiring Lithco No.2 Pty Ltd,this company which has signed some form of JV agreements with AMAL.Very positive for AMAL?AMAL did not announce this dealing at SGX. For more detailed information go to:http://www.tawana.com.au/index.php?option=com_investorcentre&task=download&cid[]=243
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| 24-Oct-2016 08:37 |
Yoma Strategic
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YOMA
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YOMA ANNOUNCEMENT:...
THE PROPOSED SPIN-OFF OF THE GROUP?S TOURISM RELATED BUSINESSES ON THE CATALIST BOARD OF THE SGX-ST.
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| 08-Sep-2016 20:52 |
Yoma Strategic
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YOMA
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Yoma Strategic appointed as exclusive distributor for JCB construction and heavy equipment in Myanmar
Singapore, 8 September 2016 ? Yoma Strategic Holdings Ltd. (?Yoma Strategic? or the ?Company? together with its subsidiaries, the ?Group?) is pleased to announce that Convenience Prosperity Company Limited (?CPCL?) has been appointed by J C Bamford Excavators Limited (?JCB?) as the exclusive distributor for the Myanmar market. The Company holds an effective one hundred per cent. (100%) interest in CPCL. Founded in 1945, JCB has grown to become the world?s third largest manufacturer of construction equipment by volume with 22 manufacturing plants worldwide, employing around 11,000 people on four continents. JCB sells its products in 150 countries through 2,000 dealer depot locations. JCB has a leading presence in several countries in Asia including India, with 3 out of 4 pieces of construction machinery sold in India being a JCB1. With this appointment, CPCL will become the exclusive Myanmar distributor for the full range of products offered by JCB, including the world renowned JCB backhoe loaders - of which nearly 1 in every 2 sold globally is a JCB, light, medium and heavy duty excavators, Loadall telescopic handlers, compactors and skid steer loaders. Mr Vipin Sondhi, Managing Director & CEO of JCB India said, "We are looking forward to working closely with Yoma Strategic as part of our plans to grow JCB's market position in Myanmar. As the construction industry expands to meet Myanmar's requirements for new and improved infrastructure, the opportunities for JCB equipment in this important market are considerable. CPCL's extensive distribution network, together with its reputation for industry-leading service support to customers, will enable JCB to grow brand awareness and market share in Myanmar during the next phase of economic growth in the country." Mr Melvyn Pun, CEO of Yoma Strategic, commented, ?We are very excited to become the exclusive Myanmar partner for JCB, at a time when infrastructure and construction activities are accelerating across the country. JCB is one of the world?s leading brands for construction and heavy equipment, and has a range of products that is well-suited to Myanmar. The business further augments our comprehensive offerings in the Automotive & Equipment division, and will help drive meaningful synergies as we expand our distribution footprint across Myanmar.? A recent industry report by Timetric Construction Intelligence Center revealed that the Myanmar construction industry was valued at US$8.2 billion in 2015 and is expected to grow to US$13.5 billion in 2020, representing an annual growth rate of 10.4%. With significant infrastructure development anticipated in the coming years, the construction industry continues to represent one of the most attractive sectors for investment in the country. 1 http://www.jcb.co.uk/ CPCL already has 11 CPCL branches throughout Myanmar and the number of branches is expected to increase to 14 by December 2016. CPCL is the distributor for Case New Holland (?CNH?), one of the leading agriculture equipment brands in the world and FPT generators, also from within the CNH group of companies. Mr. Gerhard Hartzenberg, Head of Agriculture and Construction Equipment of Yoma Strategic added, ?We are delighted to represent JCB and we believe it will help to enhance the growth of our CPCL business. Our existing CPCL branches will enable us to fast track the growth of the JCB business, whilst at the same time, we see cost synergies via centralised administration functions and shared premises.? End About Yoma Strategic Holdings Ltd. (www.yomastrategic.com)
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| 06-Sep-2016 17:50 |
Yoma Strategic
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YOMA
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Yoma Strategic mulls mergers for new tourism firm with an eye on the SGX By Steve Gilmore | Tuesday, 06 September 2016 Yoma Strategic Holdings is restructuring its tourism assets and plans to create a new Myanmar tourism-focused firm that will merge with other players in the sector and potentially list on the Singapore exchange, Yoma?s chief executive told The Myanmar Times. Hot-air balloons inflated near the ancient temples during sunrise in Bagan. Photo: StaffHot-air balloons inflated near the ancient temples during sunrise in Bagan. Photo: Staff The company announced on September 2 that it had bought the remaining 25 percent it did not own in a tourism subsidiary ? Chindwin Holdings ? that operates, among other ventures, a popular air-balloon business in Bagan. But the purchase is only part of a wider restructuring that will see Singapore-listed Yoma Strategic spinoff its tourism assets into a new entity. ?We feel that tourism [in Myanmar] is a very significant opportunity but requires dedicated management and expertise,? said chief executive Melvyn Pun, ?At Yoma we?re not ready to scale up to that, so in setting up a new company our intention is to merge our assets [with those of other firms].? Yoma Strategic has already put in place a dedicated management team for the new entity, and has under-construction hotel projects that will be transferred to the new firm. Mr Pun says the plan is to construct hotels in key tourist cities, and to build smaller hotel projects in less well-known destinations. ?It?s not that we want to be in the high-end or any [specific] part of the tourism sector,? said Mr Pun. Instead Yoma is looking to capitalise on the broad range of tourism experiences, from cruises to balloon rides, from cities to villages. The new company will market its tourism businesses under an undisclosed ?unifying brand?, which the firm is in the process of developing, Mr Pun said. The company is seeking Myanmar Investment Commission (MIC) approval for several tourism-focused projects that will run under the new entity, and has its eye on potential partners engaged in already-approved tourism ventures, Mr Pun added. Yoma Strategic will initially restructure its tourism-assets into a Yoma controlled venture, which will then merge with other firms and shareholders. The result will be that over time Yoma Strategic will own ?a smaller stake in a larger tourism platform?, said Mr Pun. He said Yoma hopes to announce further details of mergers and the new tourism entity in coming months. One option is to have the new tourism-focussed firm list in Singapore, which has the advantage of drawing additional capital, he said. The other is to have the firm stay unlisted in the short to medium term and rely on private equity funds or individual investors, ?with the aim of getting listed two or three years later?, Mr Pun said. Either way the plan is to have a Singapore-listed venture, but Mr Pun also sees a Yangon Stock Exchange listing further down the road. Yoma Strategic chair Serge Pun owns First Myanmar Investment, which was the first company to list on the YSX earlier this year. FMI also holds a minority stake in Chindwin Holdings, which now owns 100pc of Balloons Over Bagan. Potential partnerships for the new tourism entity will include those in the hotel and travel agency business, the firm said. Yoma Strategic already has exposure to the hotels business through its Landmark Project in downtown Yangon, which includes a luxury hotel in which Yoma has a 24pc stake. But this will be treated as a real estate project and is unaffected by the restructuring, Mr Pun said. Yoma Strategic focuses on four main business pillars ? real estate, automotive and equipment, the consumer sector, and investments. The restructuring will allow the firm to keep its focus on these four pillars, while retaining an investment in the lucrative tourism sector, Mr Pun said. But he expects the tourism entity to contribute less and less to Yoma?s overall profits over time as its core businesses grow. Wong Yew Kiang, an analyst at Hong Kong firm Credit Lyonnais Securities Asia (CLSA), said the restructuring was unlikely to affect Yoma?s popularity with equity investors. CLSA has a buy recommendation on Yoma Strategic stock, which it said was the only way for capital market buyers to gain exposure the Myanmar real estate market. Yoma Strategic?s shares were up 0.87pc at S$0.58 on the Singapore stock exchange yesterday afternoon. FMI?s shares were up K500 at K20,000 at yesterday?s close. http://www.mmtimes.com/index.php/business/22335-yoma-strategic-mulls-mergers-for-new-tourism-firm-with-an-eye-on-the-sgx.html
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| 03-Sep-2016 01:47 |
Yoma Strategic
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YOMA
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Yoma Strategic restructures tourism assets to create a new exciting tourism platform.
Streamlines its interest in Balloons over Bagan business Intends to spin-off tourism assets into a new company Plans to partner with other tourism players to create a portfolio of tourism assets Singapore, 2 September 2016 ? Yoma Strategic Holdings Ltd. (?Yoma Strategic? or the ?Company? together with its subsidiaries, the ?Group?) is pleased to announce its intention to restructure its tourism businesses. The Group plans to spin off its tourism assets into a new company with dedicated management, and intends to partner with other tourism players in Myanmar including but are not limited to hotels and travel agencies ("Tourism Restructuring"). The Group expects the restructuring to drive commercial and costs synergies while improving development capabilities. Mr Melvyn Pun, CEO of Yoma Strategic, commented, ?We are excited by the opportunity to partner with strong players in Myanmar to form a unique tourism platform. A dedicated management team with extensive tourism experience has been put in place to lead this initiative, and we are confident that the set up will facilitate the scaling up of tourism businesses while attracting new investors to fund its future growth.? Further, the Group has completed the purchase of the remaining interests in its "Balloons over Bagan" ("BoB") business ("BoB Acquisition") through its 70%-owned subsidiary Chindwin Holdings Pte. Ltd. (?Chindwin Holdings?). The BoB Acquisition is part of the Tourism Restructuring, and allows the Group to streamline its shareholding in the BoB business. The transaction will be funded through Chindwin Holdings' internal resources. Yoma Strategic?s effective interest in BoB has now increased from 52.5% to 70%. BoB, which is one of the country?s most iconic tourist attractions, will be a key asset in the new tourism platform. In June 2013, Chindwin Holdings purchased 75% of BoB and a call option to acquire a 75%-interest in 21.2 acres of land in Bagan with the intention to development a hotel ("Bagan Land Call Option") from its original owner, with the remaining 25% of BoB held by the original owner. In exchange for the acquisition of the remaining 25% interest of BoB and related entities, Chindwin Holdings will pay US$1.5 million, transfer its 75% interest in Eastern Safaris Pte Ltd, terminate the Bagan Land Call Option, write-off all expenses incurred in relation to the proposed development of the hotel in Bagan. BoB currently operates 12 balloons in Bagan and has expanded its service to Inle Lake in 2015. Balloons over Inle currently has 2 balloons that provide a premium service carrying up to 6 passengers over the floating gardens and villages on the lake. Over the last decade, BoB has built such a strong brand reputation in the Myanmar tourism market that it is rated as a top activity for visitors to Myanmar on travel websites. The annual revenue from the BoB business has grown by 58.5% from S$5.3 million in FY2014 to S$8.4 million in FY2016. Mr Serge Pun, Chairman of Yoma Strategic, remarked, ?Tourism is one of the big economic drivers in Myanmar and is only set to grow in leaps and bounds. The country is blessed with an interesting geography, a rich cultural history and an unspoilt natural environment that lends itself to beautiful attractions and places to visit. We already have one of the best tourist attractions in Myanmar in Balloons over Bagan and it makes sense for us to build on it and work in partnership with others to ensure that we have a firm foothold in this fast growing tourism market.?
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| 03-Sep-2016 01:40 |
Yoma Strategic
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YOMA
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| 25-Jul-2016 22:00 |
Yoma Strategic
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AGM OF YOMA STRATEGIC HOLDINGS LTD. (the ?Company?) will be held at The Straits Room, Level Four, The Fullerton Hotel, 1 Fullerton Square, Singapore 04917 on 26 July 2016. The Boards of Directors of Yoma Strategic Holdings Ltd. wishes to announce that it intends to release its unaudited financial results for the first quarter ended 30 June 2016 on or about 26 July 2016.
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| 22-Jul-2016 10:18 |
Yoma Strategic
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AGM OF YOMA STRATEGIC HOLDINGS LTD. (the ?Company?) will be held at The Straits Room, Level Four, The Fullerton Hotel, 1 Fullerton Square, Singapore 04917 on 26 July 2016.
If you are a shareholder, I strongly recommend you attend,if you have never attend before. The Boards of Directors of Yoma Strategic Holdings Ltd. wishes to announce that it intends to release its unaudited financial results for the first quarter ended 30 June 2016 on or about 26 July 2016 at 10.00 a.m.
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| 13-Jul-2016 23:06 |
Yoma Strategic
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YOMA
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Yoma signs shareholder agreement for Landmark. By Clare Hammond | Wednesday, 13 July 2016 Yoma Strategic has completed another step on the long road toward starting work on a 10-acre mixed-use luxury development in downtown Yangon. The Singapore-listed firm, which has major interests in Myanmar real estate, announced yesterday in a filing to the bourse that it had signed a shareholders&rsquo agreement with several parties involved in the long-delayed project. Signatories include First Myanmar Investment &ndash which is also owned by Yoma Strategic chair Serge Pun &ndash and the International Finance Corporation, which has been criticised by some for funding a high-end project run by one of the country&rsquo s richest businesspeople, despite its mandate to invest in projects that reduce poverty. Japanese firms Mitsubishi Corporation and Mitsubishi estate also signed the agreement. The two companies are forming a joint venture in Singapore with equity funding from the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), which will invest up to $200 million into the project. Yoma&rsquo s head of real estate Cyrus Pun told The Myanmar Times that full details about the project are likely to be disclosed on July 26 following the company&rsquo s annual general meeting. The US$400 million Landmark Development was first imagined several years ago. When complete it will include residential and office space, and a full-scale renovation of the former colonial-era Burma Railway Company headquarters into a five-star Peninsula hotel. Yet it has repeatedly run into delays due to red tape, which Mr Pun told Reuters is a side-effect of the company&rsquo s commitment to transparency and good governance. Myanmar&rsquo s real estate market is highly opaque &ndash last week the Jones Lang LaSalle 2016 Global Real Estate Transparency Index ranked it 95out of 109 markets. Despite some reforms, Myanmar &ldquo has held onto the title as the least transparent market in Asia Pacific&rdquo , the report said. Yesterday&rsquo s announcement is subject to conditions &ndash the Asian Development Bank must join the group of shareholders and Meeyahta Development Limited (MDL), the joint-venture project&rsquo s developer, still needs Myanmar Investment Commission approval. Yoma&rsquo s chief financial officer JR Ching told The Myanmar Timesyesterday that the ADB &ldquo is expected to accede to the agreement, once they have finalised some of their internal approvals&rdquo . &ldquo We are also working with MIC on the approval process,&rdquo Mr Ching said. He did not respond directly to a question on whether the project has been suspended as part of a Yangon Region government review of high-rise developments across the city saying only, &ldquo We have a positive outlook on the project and are still working with the relevant stakeholders, including the government, to proceed with the project.&rdquo If all goes to plan, Yoma Strategic will own 48 percent of the joint-venture company, FMI will hold 12pc, Japan&rsquo s Mitsubishi companies will together hold 30pc, and the IFC and the ADB will each hold 5pc. The two development banks will be granted &ldquo put&rdquo options allowing them to sell their MDL shares back to Yoma between eight and 11 years after their initial subscriptions.
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| 13-Jul-2016 12:49 |
Yoma Strategic
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Tuesday, 12 July 2016 6:55 PM ET By Randolf Santos Mitsubishi Estate Co. Ltd. and Mitsubishi Corp. committed to invest up to around US$200 million in a mixed-use project in downtown Yangon, Myanmar. The plan involves the redevelopment of an estimated four-hectare site, which houses an office building, commercial facilities and a hotel, among other properties. In partnership with Yoma Strategic Holdings Ltd. and First Myanmar Investment Co. Ltd., the reconstruction will include two office buildings, a condominium and a hotel-serviced residence building with commercial components across more than 200,000 square meters of total floor area. Mitsubishi Estate said that it and Mitsubishi Corp. will create a partnership to implement the project via a joint venture established in Singapore. Work on the Yangon project will begin before the end of fiscal 2016, while its completion is expected prior to the end of fiscal 2020.
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| 12-Jul-2016 08:53 |
Yoma Strategic
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Posted: 12-Jul-2016 08:45
x 0 x 0 INTERESTED PERSON TRANSACTION ? PROPOSED LANDMARK DEVELOPMENT Reference is made to the circular issued by Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) on 22 December 2014 (the ?Circular?) and the announcement dated 4 January 2016 (the ?Announcement?), in relation to the Proposed Landmark Development. Unless otherwise defined, all terms used herein shall be as defined in the Circular and the Announcement. PROPOSED JOINT VENTURE 1. Further to the announcements on 1 October 2013 and 20 December 2013, the Board of Directors (the ?Board?) is pleased to announce that the Company and its wholly-owned subsidiary, Yoma Strategic Investments Limited (?YSIL?), have entered into a definitive shareholders? agreement (the ?Shareholders? Agreement?) on 12 July 2016 with amongst others, First Myanmar Investment Company Limited (?FMI?), Mitsubishi Corporation, Mitsubishi Estate Co., Ltd (collectively, the ?Mitsubishi Companies?) and the International Finance Corporation (?IFC?) in relation to the redevelopment of the Landmark Development1 excluding the redevelopment of the former headquarters of the Burma Railway Company into ?The Peninsula Yangon? (the ?Proposed Landmark Development?). 2. The Shareholders? Agreement is subject to a number of conditions precedent (the ?Conditions?) including but not limited to, the entry into the form of adherence whereby the Asian Development Bank (?ADB?) shall become a party to the Shareholders? Agreement, the receipt of the approval from the Myanmar Investment Commission for the incorporation of the joint venture entity to undertake the Proposed Landmark Development (to be known as ?Meeyahta Development Limited?) and certain prescribed documents2 being in agreed form and executed... The Board wishes to inform shareholders that further information on the Proposed Landmark Development including latest master development plan, the project cost and the development timeline will be disclosed to shareholders on 26 July 2016, the date of the annual general meeting of the Company. ON BEHALF OF THE BOARD Melvyn Pun Chief Executive Officer 12 July 2016
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| 12-Jul-2016 08:45 |
Yoma Strategic
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YOMA
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INTERESTED PERSON TRANSACTION ? PROPOSED LANDMARK DEVELOPMENT Reference is made to the circular issued by Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) on 22 December 2014 (the ?Circular?) and the announcement dated 4 January 2016 (the ?Announcement?), in relation to the Proposed Landmark Development. Unless otherwise defined, all terms used herein shall be as defined in the Circular and the Announcement. PROPOSED JOINT VENTURE 1. Further to the announcements on 1 October 2013 and 20 December 2013, the Board of Directors (the ?Board?) is pleased to announce that the Company and its wholly-owned subsidiary, Yoma Strategic Investments Limited (?YSIL?), have entered into a definitive shareholders? agreement (the ?Shareholders? Agreement?) on 12 July 2016 with amongst others, First Myanmar Investment Company Limited (?FMI?), Mitsubishi Corporation, Mitsubishi Estate Co., Ltd (collectively, the ?Mitsubishi Companies?) and the International Finance Corporation (?IFC?) in relation to the redevelopment of the Landmark Development1 excluding the redevelopment of the former headquarters of the Burma Railway Company into ?The Peninsula Yangon? (the ?Proposed Landmark Development?). 2. The Shareholders? Agreement is subject to a number of conditions precedent (the ?Conditions?) including but not limited to, the entry into the form of adherence whereby the Asian Development Bank (?ADB?) shall become a party to the Shareholders? Agreement, the receipt of the approval from the Myanmar Investment Commission for the incorporation of the joint venture entity to undertake the Proposed Landmark Development (to be known as ?Meeyahta Development Limited?) and certain prescribed documents2 being in agreed form and executed.
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| 01-Jul-2016 13:26 |
Yoma Strategic
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YOMA revs up property development drive in Myanmar.
JUNE 30, 2016 BY THIHA YANGON ? Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma?s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma has recently launched the Lotus Hill upscale residential area development project in Yangon, Myanmar?s largest city, as it aims to cash in on a sharp rise in the number of middle-class locals and expatriates. The company, together with Japan?s Mitsubishi Estate and other partners, also plans to embark on a major project in the former capital of Myanmar later this year. Cyrus Pun, Yoma?s executive director and head of real estate, unveiled the company?s future business strategy in an interview with The Nikkei. Thinking big The Lotus Hill project involves the construction of about 70 luxury houses on a site of some 3.6 hectares along the Yangon River, in western Yangon. The houses will have three stories and floor spaces of between 190 sq. meters and 370 sq. meters. They are expected to be sold at prices ranging from $600,000 to $800,000. Yoma started subscription sales of the houses on June 25, although it is still unclear when the project will be completed. The company also operates facilities such as a golf course, hospital and school near Lotus Hill. The Lotus Hill houses ?will be the best for young families who want to live a modern and affluent city life,? Cyrus Pun said. Yoma has also been engaged in the Star City upscale residential area development project on a site of some 50 hectares in the eastern Yangon district of Thanlyin since 2010. Speculative transactions are rampant in the Myanmar property market amid the inflow of surplus funds there. But Cyrus Pun said Yoma is developing the residential areas for those who actually live there, not for speculators. Yoma is also preparing to launch the Landmark Development project on about 4 hectares of idle land near Yangon Central Railway Station in partnership with Mitsubishi Estate and major Japanese general trading house Mitsubishi Corp. The project made significant progress at the end of 2015, when Yoma was granted the extension of a land leasing contract by the then-Myanmar railway ministry, which is now the transport and communications ministry. Cyrus Pun said the Landmark Development project will involve the construction of a new Peninsula hotel and two office buildings. Construction work on the project will kick off by the end of this year, and the first phase will be completed within four years, Cyrus Pun said. Yoma has yet to release details about the Landmark Development project, but it is estimated to cost $400 million. The Asian Development Bank, a Manila-based regional development organization, is also expected to be involved. New landscape Cyrus Pun is the son of Serge Pun, chairman of Serge Pun & Associates (Myanmar), a major conglomerate in Myanmar. Yoma is a core company of the SPA group. Serge is a Myanmar national of Chinese descent. Cyrus Pun, executive director and head of real estate at Yoma Strategic Holdings Yoma has seen its sales and net profit grow steadily in recent years. In the financial year ended on March 31, 2016, sales totaled about $112 million Singapore dollars ($82.6 million), while net profit came to about S$44 million. The property business accounted for 60% of sales. Among SPA group companies is First Myanmar Investment, a real estate developer listed on the Yangon Stock Exchange. Myanmar embraced democracy in 2011 after decades of military rule, prompting many foreign companies to set up operations in the country. This has resulted in sharp growth in property demand and rents for offices and residential units. Under such circumstances, Yoma and other property developers ? both domestic and foreign ? have been on a spending spree in the country. Hoang Anh Gia Lai, a Vietnamese property developer, partially opened Myanmar Plaza, the largest complex in Yangon, in December 2015. China?s Toener Group also started selling lots in the massive 13-building Riverfront Garden complex in Yangon this month. Myanmar Plaza and Riverfront Garden both comprise office buildings, residential buildings and commercial facilities. They have gained in popularity among middle-class and wealthy people. Meanwhile, competition is intensifying in the local real estate market as new properties continue to be supplied in large quantities. After continuing to rise since the start of democratization, the number of new high-end condominium units supplied in Myanmar declined for the first time in four years in 2015, according to Colliers International Group, a U.S.-based global real estate services company. The supply of new office buildings is expected to keep rising in 2016 and beyond even though office rents have been on a downward trend since the second half of 2015. Source: Asian Nikkei Review
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| 30-Jun-2016 21:06 |
Yoma Strategic
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YOMA
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YOMA STRATEGIC HOLDINGS LTD.
EXTENSION OF LONG STOP DATE FOR PROPOSED HOTEL DEVELOPMENT __________________________________________________________________________ Reference is made to the announcements dated 28 January 2014, 11 March 2015, 1 April 2015 and 4 January 2016 in respect of the Proposed Hotel Development (collectively, the ?Announcements?) made by Yoma Strategic Holdings Ltd. (the ?Company?). Unless otherwise stated, all terms are as defined in the Announcements. The Board of Directors of the Company is pleased to inform shareholders that the commercial terms on the development of the Proposed Hotel Development and the Proposed Mixed-use Development have been finalised with the Myanmar Railways of the Ministry of Transport and Communications. In view of this, The Hongkong and Shanghai Hotels, Limited and the Company have agreed to extend the long stop date under the existing shareholders agreement to satisfy all conditions precedent to 31 December 2016. ON BEHALF OF THE BOARD Melvyn Pun Chief Executive Officer 30 June 2016
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| 10-Jun-2016 09:18 |
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YOMA FLYING TODAY!?
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| 18-Mar-2016 12:08 |
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YOMA moving up fast and furious!
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