Memories Group buys out Samena Capital-backed Myanmar firms for $41m

Balloons over bagan. Image sourced from Memories Group.

SGX-listed Memories Group – which operates tourism businesses in Myanmar – has completed the acquisition of SM Asset Holdings Pte Ltd and Mokan (S) Pte Ltd, that own islands and hotels in the country, for $40.7 million, according to an SGX announcement.

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