The Business Times
business-time-50
SUBSCRIBERS

Yoma Strategic, Pernod Ricard joint venture eyes Myanmar's whisky industry

Upon deal's completion, French company will become largest shareholder in new firm

google-preferred-sourceAdd BT as a preferred source
Published Fri, May 25, 2018 · 09:50 PM

    Singapore

    MAINBOARD-LISTED Yoma Strategic Holdings on Friday said it intends to form a joint venture (JV) company with Pernod Ricard alongside other partners to produce and distribute whisky in Myanmar.

    Upon completion of the deal, Pernod Ricard will bring in an "internationally experienced management team" and become the largest shareholder in the new firm.

    TRENDING NOW

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Former non-executive and non-independent director of CDL Kwek Leng Peck is to rejoin the property giant on Jun 1.

    Ex-CDL director Kwek Leng Peck rejoins board, six years after resigning over disagreements

    Nadiem Makarim (left) has been charged with committing unlawful acts to enrich himself, others or corporations, causing losses to state finances.

    Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More