SHC Capital to acquire MM Myanmar for S$69.7m

Singapore

CATALIST-LISTED SHC Capital Asia Ltd said it has lodged a circular with the Singapore Exchange for the proposed acquisition of MM Myanmar Pte Ltd (MM Myanmar) for S$69.7 million.

SHC Capital is acquiring the shares of MM Myanmar from three vendors - a wholly owned unit of mainboard-listed Yoma Strategic Holdings which owns 63.1 per cent of MM Myanmar, First Myanmar Investment Company Ltd (FMI), and Exemplary Ventures Ltd (EVL).