Yoma deciding as Myanmar JV partner plans exit

Singapore

REAL estate developer Yoma Strategic Holdings is deciding whether it wants to stay in a Myanmar joint venture (JV) given that its JV partner plans to leave.

Jamaica-based Digicel Group, which owns 75 per cent of the JV with Yoma, plans to sell off its entire stake for US$221 million to a unit of Malaysian telco Axiata Group, mainboard-listed Yoma said in a Singapore Exchange filing on Friday, adding that it was now evaluating its options.