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Yoma Strategic : intends to spin off tourism businesses into the first Myanmar tourism platform to be listed on SGX

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by October 24, 2016 General

Media Release Yoma Strategic intends to spin off tourism businesses into the first Myanmar tourism platform to be listed on SGXYoma Strategic entered into an agreement to spin off its tourism businesses through an RTOTourism businesses comprising Balloons over Bagan, Pun Hlaing Lodge and Bagan Land would be injected into a new tourism platformThe platform intends to be the first SGX-listed Myanmar-focused tourism company following the proposed RTO of SHC Capital Asia LimitedYoma Strategic is expected to hold 53.48% of the proposed SGX-listed Myanmar-focused tourism company before any compliance placementSingapore, 24 October 2016 – Yoma Strategic Holdings Ltd. (“Yoma Strategic” or the “Company” together with its subsidiaries, the “Group”) is pleased to announce it will be spinning off its tourism-related business as part of a Reverse Take-Over (“RTO”) of SHC Capital Asia Limited (“SHC”).

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