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Golden Glory plans Singapore IPO this year for Myanmar property push

It aims to raise US$80 million to US$100 million to fund land bank acquisitions

Published Wed, Jun 1, 2016 · 09:50 PM
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Singapore

GOLDEN Glory Group Pte, a developer of Myanmar real estate, is planning an initial public offering in Singapore this year as the opening of the frontier market spurs property demand in South-east Asia's fastest-growing economy.

The Singapore-based company is targeting an US$80 million-to- US$100 million initial share sale, raising capital to help fund land bank acquisitions in Myanmar, chief executive officer Christopher Wu said in an interview in Yangon.

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