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MYANMAR-FOCUSED YOMA RAISES $82 MILLION FROM PLACEMENT

MYANMAR-FOCUSED YOMA RAISES $82 MILLION FROM PLACEMENT
Source: Finance Asia - (22/09/2010)

Topics: Construction      Construction

Yoma Strategic Holdings, a Singapore-listed company focusing on real estate, agriculture and car sales in Myanmar and China, has raised S$101.2 million ($82 million) from a placement of new shares. The offering coincided with President Barack Obama’s half-day visit to Myanmar yesterday, taking advantage of the positive headlines and the boost in optimism about the country’s reform process that surrounded his trip. Early yesterday, Yoma also announced that it had agreed to buy 80% of a...


Did You Know?
The voltage throughout Myanmar is 220-230 Volts AC. Most of the international class hotels in Yangon have their own generators. However in other places, voltage varies greatly and power often goes out. Valuable or... ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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