Yoma Plans Offices to Hotels in Myanmar Expansion, CEO Says
This article is for subscribers only.
Yoma Strategic Holdings Ltd., which is building a 9,000-unit housing project in Myanmar, said it plans to expand by developing hotels and office buildings in Yangon. The stock surged to the highest in almost 10 years.
The company will also add more large-scale residential projects, Chief Executive Officer Andrew Rickards said today. The stock climbed 2.1 percent to 98 Singapore cents at the close in Singapore, the highest since December 2003.