SGX-listed Memories Group acquires stake in three Yangon hotel assets

Memories Group acquires stake in three Yangon hotels

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Prominent local tourism company Memories Group has acquired a 15.28 percent stake in Strand Hotel International Limited (SHIL), in a deal worth USD 3.19 million. The deal involved interests in three Yangon based hotels, as well as a well-known cruise

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First solar-powered yacht launched in Myeik

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Luxury cruise company Burma Boating has announced that the first solar-operated yacht in Asia will begin sailing later this month in the Myeik Archipelago. Burma Boating, which is part of the Singapore-listed Memories Group, said that the new boat is

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New acquisitions by Memories Group in Mon and Tanintharyi

Memories Group spends US$ 40 million on new acquisitions

Posted on July 30, 2018

Memories Group has expanded its portfolio by acquiring the rights of several significant tourism developments at a cost of US$ 40.7 million, according to reports. An article in the Myanmar Times said the firm, which is a spin-off of Yoma Strategic Ho

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