Digital Wave Money Myanmar Co (Wave Money)

Yoma Strategic announced on Wednesday that it was establishing a new company, Yoma MFS Holdings (Wave Holdco), to increase its existing stake and take a controlling interest in Digital Money Myanmar Limited (Wave Money).

SINGAPORE (June 29): Yoma Strategic Holdings saw revenue from its non-real estate business surge 33% y-o-y to $65.2 million in FY18, accounting for 60% of its total revenue, as compare to 47% of its total revenue in FY17.

SINGAPORE (Mar 7): OCBC Investment Research says it is “broadly positive” on Yoma Strategic Holdings’ foray into mobile financial services in Myanmar.

SINGAPORE (Mar 6): Yoma Strategic is adding a fourth core pillar of financial services to its businesses of real estate, consumer and automotive & heavy equipment in Myanmar.