Yoma Strategic sees post-election surge on shares

YANGON — Frantic trading in the days after the Myanmar general election has sent shares of Yoma Stategic Holdings soaring. The share, listed on the Singaporean stock market, went from 0.45 on election day to 0.52 on November 11, an increase of 15.5 percent.

Yoma Strategic Holdings, founded by Myanmar businessman Serge Pun, is the umbrella firm of a group of companies that operate in Myanmar. The group is active in retail, automotive, finance, agriculture, travel, and construction.

Among other things, the group launched the KFC chain in Myanmar, operates FMI Air and Yoma Bank, and built FMI City and Pun Hlaing Golf Estate.  

In December 2014 Yoma Strategic received a US$100 million loan from the Asian Development Bank.

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