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.
Original documenthttp://www.yomastrategic.com/attachment/201701131057201735513576_en.pdf
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