Memories Group, that operates a series of tourism-related businesses in Myanmar and is the largest operator of hot air balloons in that country, will debut on the Singapore Exchange today.
Memories Group is a spin-off of the tourism assets of Yoma Strategic Holdings Ltd and two other companies, which had undertaken a reverse takeover (RTO) of SHC Capital Asia. Hence, there is no public offering. It raised S$10.7 million by placing 42.6 million new shares and 7.4 million vendor shares at S$0.25 per piece, in a placement that ended on January. 3.