TED is the developer of the StarCity project in Thanlyin, Yangon. The company had been granted leasehold rights over the land located at Plot 1B, No. 14, Kyaik Khauk Pagoda Road, Star City, Thanlyin Township, Yangon, Myanmar, as well as any buildings and structures to be built upon the land on March 20, 2018.
Mainboard-listed Yoma Strategic Holdings has sold the land on which the StarCity project is to be developed on to Yoma Bank.
Yoma Strategic Holdings’ subsidiaries, Thanlyin Estate Development Limited (TED) and Star City International School Company Limited (SCIS), entered into a sale and purchase agreement (SPA) with Yoma Bank on Dec 23.
