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Yoma announces several new ventures in Myanmar

Published on Mar 11, 2014 10:40 AM
Artist's impression of property developer Yoma Strategic Holdings' mixed-use development project in central Yangon, Myanmar. -- FILE PHOTO: YOMA STRATEGIC HOLDINGS LTD

Singapore-listed Yoma Strategic Holdings has made several moves to expand its business operations in Myanmar across various industries, it said on Tuesday.

The company has formed a new investment holding arm, Yoma Agricultural & Logistics Holding (YALH), for its forays into the coffee, dairy, cold storage and logistics, and commercial vehicle leasing businesses.

International Finance Corporation, the World Bank's private equity arm, will invest up to 20 per cent in YALH and will share its global network and expertise in agriculture investments in developing countries, Yoma said.

It also announced that it has formed joint ventures with various partners to plant and sell coffee; process and supply UHT dairy products to consumers in Myanmar; and store and distribute agricultural, seafood and processed products.

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