Myanmar Dealbook: FMI puts $5.42m in Yoma Hospital; Super Hotel wins bid

Photo: Pun Hlaing Siloam Hospitals.

First Myanmar Investment Co Ltd has injected about $5.42 million into Yoma Siloam Hospital Pun Hlaing Ltd. Meanwhile, Super Hotel from Japan is setting up a project in the Thilawa SEZ.

FMI injects $5.42 m into Yoma Siloam Hospital

The Yangon Stock Exchange (YSX) listed First Myanmar Investment Co Ltd (FMI) has injected about $5.42 million capital into Yoma Siloam Hospital Pun Hlaing Ltd (YSHPH), in which FMI already has a 60 percent stake.

The added capital is through subscription of new ordinary shares of YSHPH, which takes care of the private hospital business in Myanmar under the brand, Pun Hlaing Siloam Hospitals.

“This capital increase will support YSHPH’s growth as it looks to expand its portfolio of facilities. YSHPH has a strong and growing track record of effective healthcare management and the company has therefore provided the capital necessary to assist YSHPH in its expansion plans,” said an announcement by FMI on December 26.

Japan’s Super Hotel new project in Thilawa SEZ

Japan’s Super Hotel Co Ltd has been awarded a tender by YSX-listed Myanmar Thilawa Special Economic Zone Holdings Public Ltd for the establishment of a hotel at the Thilawa SEZ.

Nearly 17 local and global firms had participated in the tender process.

Super Hotel was chosen for its extensive experience managing a total of 116 hotels in Japan and three overseas, according to the announcement. The new hotel in Thilawa SEZ will be a 129-room facility.

Also Read:

Myanmar: Pun Hlaing plans $19m 5-star hotel; Maxxcare’s $21.6m warehouse

Myanmar’s FMI, Indonesia’s Lippo roll out $420m hospital partnership

Myanmar: Thilawa SEZ becomes second stock to trade on YSX