Yoma Strategic

(02-08-2013, 07:47 PM)CityFarmer Wrote: What a strategy... There are rich Myanmar nationals here...

Official inauguration of Singapore sales office for Yoma’s properties

Singapore, 2 August 2013 – A Singapore sales office has been opened for the Myanmar properties of Yoma Strategic Holdings (“Yoma”, “祐玛战略控股有限公司”, or the “Company”), one of Myanmar’s leading property development companies. It is the first overseas sales office serving Myanmar nationals living in Singapore who are interested in buying a property in Yangon the commercial hub of the rapidly-liberalising and fast growing Asian nation

http://infopub.sgx.com/FileOpen/MediaRel...eID=250518

Quote:

Yoma Strategic Holdings(祐玛战略控股有限公司”, or the “Company” or collectively with its subsidiaries, the “Group”) is pleased to announce that its 70% held subsidiary German Car Industries Company (“GCI”) has entered into a service partner agreement with Volkswagen Aktiengesellschaft (“VW”) to operate Volkswagen’s first service centre in Myanmar. This first service centre in Yangon is scheduled to commence operations in October 2013.

The service centre currently operated by GCI will provide maintenance and repair services for Volkswagen branded vehicles, including the sale of genuine vehicle parts to existing vehicle owners. This non-exclusive service partnership with VW underlines Yoma Strategic’s strategy to bolster its automotive operations in Myanmar.

Mr Andrew Rickards, Yoma Strategic’s Chief Executive Officer, said: “The addition of Volkswagen to our automotive portfolio strengthens our position in the country’s burgeoning automotive industry. Seizing such opportunities is especially important since Myanmar has the potential to become one of the most important automobile markets in the ASEAN region following the deregulation of the importation of cars. Although this is a non-exclusive operation, Yoma Strategic has a head start in building our relationship with Volkswagen, which will help us to better serve our new consumers."