YOMA STRATEGIC HOLDINGS LTD. Reference is made to the announcements dated 28 January 2014, 11 March 2015, 1 April 2015 and 4 January 2016 made by Yoma Strategic Holdings Ltd (the "Company", together with its subsidiaries, the "Group") in relation to the redevelopment of the former headquarters of the Burma Railway Company into "The Peninsula Yangon" (the "Proposed Hotel Development").
The Company wishes to announce that following the satisfaction of certain prescribed conditions precedent, the Company, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd. ("YSIL"), had subscribed for 240 ordinary shares in Peninsula Yangon. The details are as follows:-
Name of Company : Peninsula Yangon Holdings Pte. Limited
Place of Incorporation : Singapore
Issued and Paid-Up Share Capital : US$1,000 comprising 1,000 ordinary shares Shareholding Interests : 70% held by Peninsula International Investment
Holdings Limited1, 24% held by YSIL and 6% held by First Myanmar Investment Company Limited
Principal Activity : As an investment holding company for the Proposed Hotel Development
The Company's initial investment in Peninsula Yangon is funded using internal sources. Following the subscription, Peninsula Yangon is now an associated company of the Company.
1 Peninsula International Investment Holdings Limited is a wholly-owned subsidiary of The Hongkong and Shanghai Hotels, Limited.
Melvyn Pun
Chief Executive Officer 25 January 2016
Company Registration No. 196200185E
78 Shenton Way
#32-00
Singapore 079120
Tel: (65) 6223 2262
Fax: (65) 6223 1990
www.yomastrategic.com
Yoma Strategic Holdings Ltd. issued this content on 2016-01-25 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-25 09:53:10 UTC
Original Document: http://www.yomastrategic.com/attachment/201601251734151722640031_en.pdf
