The SPA Group
SPA Myanmar was founded in 1991. From the small beginnings, our Group has expanded over the years
and, at the end of our 25th anniversary, we now operate a range of diverse businesses in eight key sectors - Financial Services, Real Estate, Healthcare, Automotive, Agriculture & Logistics, Aviation, Consumer and Tourism.
Our investments were made through its two flagship public investment holding companies: First Myanmar Investment Co., Ltd. (FMI), which was incorporated and operate in Myanmar, and Yoma Strategic Holdings Ltd. (YSH) which was incorporated in Singapore and operate in Myanmar. SPA, FMI and YSH are strategically affiliated through having a common shareholder.
First Myanmar Investment Co., Ltd.
First Myanmar Investment Co., Ltd. (FMI) was established in 1992 as one of Myanmar’s first public companies. On March 25, 2016, FMI became the first company to be listed on the Yangon Stock Exchange with the trading code 00001. FMI's current focus is on it 'three pillar' strategy of investing in the Financial Services, Real Estate and Healthcare sectors, while remaining open to strategic opportunities in other growth industries. The company is also involved in joint ventures with leading international firms including
Mitsubishi, the International Finance Corporation, the Asian Development Bank, the Lippo Group, Telenor and Parkson.
Yoma Strategic Holdings Ltd.
Listed on the Main Board of the Singapore Securities Exchange Trading Limited (SGX- ST), Yoma Strategic Holdings Ltd. (YSH) is a leading business corporation with. real estate, consumer, automotive, agriculture & logistic and tourism businesses in Myanmar. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar.
The awards list
• Ranked top 10% of the Governance and Transparency Index 2015
• Ranked 17th out of top 100 largest Singapore companies in ASEAN Corporate Governance Scorecard 2015
• Best Managed Board (Silver) by Singapore Corporate Award 2015
• Best Developer in Myanmar 2015
• Best Housing Development in Myanmar 2016
While having common and shared interest in group's businesses, SPA, FMI and YSH operate independently of each other and in compliance of corporate governance and transparency standard set for listed companies.
PUN HLAING ESTATE
The Pun Hlaing Estate was founded in 1997 by a joint venture of SPA/FMI group companies and the Department of Human Settlement and Housing Development (DHSHD), with a vision to develop a magnificent golf course with a gated community to enjoy secure lifestyle of the finest international standard. The Executive Board was established in 2001 with a team of experts that manages the development from all perspectives: finance, legal, construction, golf & country club operations, sales and marketing.
Founded in 1993, Yoma Bank is Myanmar's most progressive domestic bank. Over the past few years, Yoma Bank has made significant investments in strategic priorities - people, technology and corporate
governance. Yoma Bank is Myanmar's fourth largest bank by assets with 3000+ employees and 71 branches across the country. Yoma Bank was the International Finance Corporation's (IFC) first direct investment in Myanmar in 2014 and it benefitted from a comprehensive 3-year advisory package to upgrade credit risk management, finance, treasury, product development and to procure a new core banking system (Misys Fusion Banking Essence). Yoma Bank also receives ongoing technical assistance from GIZ, the German development agency, to improve and expand our SME lending. In 2015, Yoma Bank formed a strategic partnership with Telenor (Myanmar's largest foreign Telco) to develop nationwide digital financial services through the formation of Wave Money, a mobile financial services company. Yoma Bank has benefitted from a significant grant from LIFT, a multi-donor, UNDP administered trust fund, to expand agribusiness finance to Myanmar's underserved agricultural community - a key segment in Myanmar’s development. Technical assistance for this program is provided by Rabo Bank, a Dutch agricultural bank. Yoma Bank is committed to financial inclusion in Myanmar.