Singapore-listed conglomerate Yoma Strategic Holdings (YSH) is to acquire a 65 percent stake in local restaurant chain YKKO. The deal is reportedly worth an estimated USD 12.6 million, according to an article in the Myanmar Times. The article quoted YSH chief executive Melvun Pun as saying that YKKO is a household name in Myanmar. The purchase doubles the number of Food and Beverage (F&B) outlets that Yoma owns. The company’s other operations in F&B are mainly focused on international brands, including KFC and Auntie Anne’s. The group plans to have six international and local brands in 125 outlets by the 2023-24 financial year, the article said. YKKO stands for the Yankin Kyay Oh Group of Companies and began as a family-run restaurant in Yankin Township in 1988. Today it has 37 stores across the country.