Deals
Golden Glory Plans Singapore IPO for Myanmar Property Push
- Company aims to raise as much as $100 million from share sale
- Myanmar developer is building condominiums, hotel in Yangon
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Golden Glory Group Pte., a developer of Myanmar real estate, is planning an initial public offering in Singapore this year as the opening of the frontier market spurs property demand in Southeast Asia’s fastest-growing economy.
The Singapore-based company is targeting an $80 million-to-$100 million initial share sale, raising capital to help fund land bank acquisitions in Myanmar, Chief Executive Officer Christopher Wu said in an interview in Yangon.