Myanmar Yoma Group Banking Tycoon Serge Pun Stepped Down as Chairman with His Son & CEO Melvyn Pun to Succeed as Chairman, Serge Pun Facing Scrutiny from Myanmar Authorities & Has Restricted Access to Communication Devices, Currently Cooperating with Myanmar Authorities on Banking Issues, Yoma Group has 2 Listed Companies with Yoma Strategic Holdings Listed on Singapore Exchange with $212 Million Market Value and First Myanmar Investment Listed on Yangon Stock Exchange
27th July 2024 | Hong Kong
Myanmar Yoma Group banking tycoon Serge Pun has stepped down as Yoma Chairman with his son & CEO Melvyn Pun to succeed as Chairman. Serge Pun is facing scrutiny from Myanmar authorities, currently has restricted access to communication devices and is cooperating with Myanmar authorities on banking issues. Myanmar Yoma Group investors include Singapore GIC & Norway Norfund. Yoma had issued a statement (10/7/24) of no charges being filed against Serge Pun. Yoma Group has 2 listed companies with Yoma Strategic Holdings listed on Singapore Exchange (SGX, $212 million market value), and First Myanmar Investment listed on Yangon Stock Exchange. Yoma Group – Yoma Group is a leading conglomerate in Myanmar with a focus on the Real Estate, Financial Services, Automotive & Heavy Equipment, Healthcare, Consumer and Tourism sectors. Through its two listed companies, Yoma Strategic Holdings and First Myanmar Investment, Yoma Group has built up a nation-wide presence and is widely regarded as the partner of choice for international organisations in Myanmar. Yoma Strategic Holdings is listed on the mainboard of the Singapore Stock Exchange in 2006 and First Myanmar Investment is the first company to be listed on the Yangon Stock Exchange in 2016. Serge Pun @ Theim Wai – Mr. Serge Pun is a Myanmar national and the Chairman of Serge Pun & Associates (Myanmar) Limited (“SPA”). In 1983, Mr. Pun founded Serge Pun & Associates Limited in Hong Kong SAR and eventually returned to the country of his birth to establish SPA in 1991. In 1992, Mr. Pun established First Myanmar Investment Company Limited (“FMI”) as one of the earliest public companies (unlisted) in Myanmar. In 2006, he led Yoma Strategic to a successful listing on the mainboard of the Singapore Stock Exchange, and in 2016, FMI became the first company to list on the Yangon Stock Exchange. Mr. Pun is a member of the World Economic Forum’s ASEAN Regional Strategy Group and ASEAN Regional Business Council. He is a standing member of the Chinese People’s Political Consultative Conference of Dalian and a member of the Asia Business Council. He is the Chair of the International Advisory Board of Singapore Management University for Myanmar, the Vice-Chairman and CEO of New Yangon Development Company (“NYDC”) and served as an Honorary Business Representative for Myanmar of International Enterprise Singapore from 2004 till 2006. Mr. Pun is a frequent speaker in international forums on Myanmar and ASEAN. Re-appointed to the Board of Yoma Strategic on 26 July 2017, Mr. Pun is the Executive Chairman of Yoma Strategic.
“ Myanmar Yoma Group Banking Tycoon Serge Pun Stepped Down as Chairman with His Son & CEO Melvyn Pun to Succeed as Chairman, Serge Pun Facing Scrutiny from Myanmar Authorities & Has Restricted Access to Communication Devices, Currently Cooperating with Myanmar Authorities on Banking Issues, Yoma Group has 2 Listed Companies with Yoma Strategic Holdings Listed on Singapore Exchange with $212 Million Market Value and First Myanmar Investment Listed on Yangon Stock Exchange “
Myanmar Yoma Group Banking Tycoon Serge Pun with Investors Including Singapore GIC & Norway Norfund is Cooperating with Myanmar Authorities on Banking Issues, Yoma Issues Statement of No Charges Filed Against Serge Pun, Yoma Group has 2 Listed Companies with Yoma Strategic Holdings Listed on Singapore Exchange with $212 Million Market Value and First Myanmar Investment Listed on Yangon Stock Exchange
18th July 2024 – Myanmar Yoma Group banking tycoon Serge Pun with investors including Singapore GIC & Norway Norfund is cooperating with Myanmar authorities on banking issues. Yoma has issued a statement (10/7/24) of no charges being filed against Serge Pun. Yoma Group has 2 listed companies with Yoma Strategic Holdings listed on Singapore Exchange (SGX, $212 million market value), and First Myanmar Investment listed on Yangon Stock Exchange. Yoma Group – Yoma Group is a leading conglomerate in Myanmar with a focus on the Real Estate, Financial Services, Automotive & Heavy Equipment, Healthcare, Consumer and Tourism sectors. Through its two listed companies, Yoma Strategic Holdings and First Myanmar Investment, Yoma Group has built up a nation-wide presence and is widely regarded as the partner of choice for international organisations in Myanmar. Yoma Strategic Holdings is listed on the mainboard of the Singapore Stock Exchange in 2006 and First Myanmar Investment is the first company to be listed on the Yangon Stock Exchange in 2016. Serge Pun @ Theim Wai – Mr. Serge Pun is a Myanmar national and the Chairman of Serge Pun & Associates (Myanmar) Limited (“SPA”). In 1983, Mr. Pun founded Serge Pun & Associates Limited in Hong Kong SAR and eventually returned to the country of his birth to establish SPA in 1991. In 1992, Mr. Pun established First Myanmar Investment Company Limited (“FMI”) as one of the earliest public companies (unlisted) in Myanmar. In 2006, he led Yoma Strategic to a successful listing on the mainboard of the Singapore Stock Exchange, and in 2016, FMI became the first company to list on the Yangon Stock Exchange. Mr. Pun is a member of the World Economic Forum’s ASEAN Regional Strategy Group and ASEAN Regional Business Council. He is a standing member of the Chinese People’s Political Consultative Conference of Dalian and a member of the Asia Business Council. He is the Chair of the International Advisory Board of Singapore Management University for Myanmar, the Vice-Chairman and CEO of New Yangon Development Company (“NYDC”) and served as an Honorary Business Representative for Myanmar of International Enterprise Singapore from 2004 till 2006. Mr. Pun is a frequent speaker in international forums on Myanmar and ASEAN. Re-appointed to the Board of Yoma Strategic on 26 July 2017, Mr. Pun is the Executive Chairman of Yoma Strategic.
Yoma Group – Yoma Group is a leading conglomerate in Myanmar with a focus on the Real Estate, Financial Services, Automotive & Heavy Equipment, Healthcare, Consumer and Tourism sectors. Through its two listed companies, Yoma Strategic Holdings and First Myanmar Investment, Yoma Group has built up a nation-wide presence and is widely regarded as the partner of choice for international organisations in Myanmar. Yoma Strategic Holdings is listed on the mainboard of the Singapore Stock Exchange in 2006 and First Myanmar Investment is the first company to be listed on the Yangon Stock Exchange in 2016.
Serge Pun @ Theim Wai – Mr. Serge Pun is a Myanmar national and the Chairman of Serge Pun & Associates (Myanmar) Limited (“SPA”). In 1983, Mr. Pun founded Serge Pun & Associates Limited in Hong Kong SAR and eventually returned to the country of his birth to establish SPA in 1991. In 1992, Mr. Pun established First Myanmar Investment Company Limited (“FMI”) as one of the earliest public companies (unlisted) in Myanmar. In 2006, he led Yoma Strategic to a successful listing on the mainboard of the Singapore Stock Exchange, and in 2016, FMI became the first company to list on the Yangon Stock Exchange. Mr. Pun is a member of the World Economic Forum’s ASEAN Regional Strategy Group and ASEAN Regional Business Council. He is a standing member of the Chinese People’s Political Consultative Conference of Dalian and a member of the Asia Business Council. He is the Chair of the International Advisory Board of Singapore Management University for Myanmar, the Vice-Chairman and CEO of New Yangon Development Company (“NYDC”) and served as an Honorary Business Representative for Myanmar of International Enterprise Singapore from 2004 till 2006. Mr. Pun is a frequent speaker in international forums on Myanmar and ASEAN. Re-appointed to the Board of Yoma Strategic on 26 July 2017, Mr. Pun is the Executive Chairman of Yoma Strategic.
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