General Announcement::LANDMARK DEVELOPMENT PROJECTS LISTED AS PERMITTED INVESTMENTS BY MYANMAR INVESTMENT COMMISSION

Issuer & Securities

Issuer/ Manager

YOMA STRATEGIC HOLDINGS LTD.

Securities

YOMA STRATEGIC HOLDINGS LTD - SG1T74931364 - Z59

Stapled Security

No

Announcement Details

Announcement Title

General Announcement

Date & Time of Broadcast

13-Jan-2017 07:54:35

Status

New

Announcement Sub Title

LANDMARK DEVELOPMENT PROJECTS LISTED AS PERMITTED INVESTMENTS BY MYANMAR INVESTMENT COMMISSION

Announcement Reference

SG170113OTHRD4W2

Submitted By (Co./ Ind. Name)

Melvyn Pun

Designation

Chief Executive Officer

Description (Please provide a detailed description of the event in the box below)

LANDMARK DEVELOPMENT PROJECTS LISTED AS PERMITTED INVESTMENTS BY MYANMAR INVESTMENT COMMISSION

Reference is made to the various announcements by Yoma Strategic Holdings Ltd. (the "Company") in relation to its redevelopment of (a) the mixed-use development located at Bogyoke Aung San Road (b) the former headquarters of the Burma Railway Company into "The Peninsula Yangon" (collectively, the "Landmark Projects").

The Company is pleased to inform shareholders that both of the Landmark Projects have been approved by the Myanmar Investment Commission and listed as Permitted Investments (1/2017). This is a major milestone towards satisfaction of conditions in the Company's shareholders agreements with its respective joint venture partners. The Company will work with these partners to finalise the Landmark Projects.

BY ORDER OF THE BOARD

Melvyn Pun

Chief Executive Officer

13 January 2017

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Yoma Strategic Holdings Ltd. published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 09:20:03 UTC.

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