Myanmar's Memories Group debuts on Singapore Exchange

Myanmar's Memories Group debuts on Singapore Exchange

Balloons over bagan. Image sourced from Memories Group.

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.

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