“The business heads are working closely with the frontline staff to monitor the situation closely,” says CEO Melvyn Pun in an SGX announcement, adding that the Yangon Stock Exchange, which halted trading since Feb 1 2021, is expected to reopen on Feb 3.
Yoma Strategic Holdings says most of its businesses have resumed operations, following a coup in Myanmar on Feb 1. However, the company warns of a potential “change in business sentiment”.
The company, based in Myanmar but listed on the Singapore Exchange, says that cities in Myanmar remained calm and its business services including Wave Money, the KFC and YKKO restaurants and logistics businesses have resumed operations.
