Memories Group acquires two Myanmar hotels, island development rights for US$40.7m — The Business Times
Myanmar-based tourism firm Memories Group, in its first earnings report since its Catalist debut in January, posted on Wednesday a net loss of US$1.7 million for the three months ended June 30, widening from US$698,000 in the year-ago period. A spin-off of mainboard-listed Yoma Strategic Holdings’ tourism-related businesses, the company also announced it had acquired development […]
Memories Group acquires two Myanmar hotels, island development rights for US$40.7m; posts US$1.7m Q1 loss — The Straits Times
Myanmar-based tourism firm Memories Group, in its first earnings report since its Catalist debut in January, posted on Wednesday a net loss of US$1.7 million for the three months ended June 30, widening from US$698,000 in the year-ago period. A spin-off of mainboard-listed Yoma Strategic Holdings’ tourism-related businesses, the company also announced it had acquired development […]
Memories Group Acquires a Portfolio of Assets Including an Island in Myanmar’s Mergui Archipelago
Acquiring development rights over 5,100-acres islands, a 24-villa five-star hotel and a 72room three-star hotel The combined purchase price of US$40.7 million will be funded by cash and issuance of new shares The new shares will be issued at a significant premium of 16.9% over the last traded weighted average price Memories Group’s Integrated Tourism […]