Resort operator to become seventh company listed at Yangon Stock Exchange

The Amata Resort Hotel & Spa in Yangon

Yangon-based Amata Holding, one of the largest resort hotel operators in Myanmar, on December 28 received approval from the Yangon Stock Exchange for a listing on the bourse’s main board, the company said in a statement on the following day.

Amata Holding, not to be confused with Thailand’s industrial estates developer Amata Corporation which is also active in Myanmar, will become the seventh company listed on the exchange, with the assigned stock code of AMATA.

The exact listing date has still to be determined, but it will be announced “in a timely manner,” the statement said, and the actual listing will likely take place in January or February, a bourse official noted.

Amata holds 100% of United International Group, operator of the Amata and Awinka hotels and resort brands, as well as 51% of hot air balloon company Myanmar Ballooning, according to the company’s website.

Expansion in tourism after Covid-19 planned

Future plans of the company include to open more resort hotels and residences across Myanmar, including budget hotels in some cities, and expand in the travel and tours and food and beverage segments, as well as to offer leisure aviation activities with seaplanes and helicopters as soon as the Covid-19 pandemic subsides.

Currently, the six listed companies at the Yangon Stock Exchange are Myanmar Thilawa Special Economic Zone, Myanmar Citizens Bank, First Private Bank, TMH Telecom, First Myanmar Investment and transport and logistics services provider Ever Flow River.



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The Amata Resort Hotel & Spa in Yangon Yangon-based Amata Holding, one of the largest resort hotel operators in Myanmar, on December 28 received approval from the Yangon Stock Exchange for a listing on the bourse's main board, the company said in a statement on the following day. Amata Holding, not to be confused with Thailand’s industrial estates developer Amata Corporation which is also active in Myanmar, will become the seventh company listed on the exchange, with the assigned stock code of AMATA. The exact listing date has still to be determined, but it will be announced "in a timely...

The Amata Resort Hotel & Spa in Yangon

Yangon-based Amata Holding, one of the largest resort hotel operators in Myanmar, on December 28 received approval from the Yangon Stock Exchange for a listing on the bourse’s main board, the company said in a statement on the following day.

Amata Holding, not to be confused with Thailand’s industrial estates developer Amata Corporation which is also active in Myanmar, will become the seventh company listed on the exchange, with the assigned stock code of AMATA.

The exact listing date has still to be determined, but it will be announced “in a timely manner,” the statement said, and the actual listing will likely take place in January or February, a bourse official noted.

Amata holds 100% of United International Group, operator of the Amata and Awinka hotels and resort brands, as well as 51% of hot air balloon company Myanmar Ballooning, according to the company’s website.

Expansion in tourism after Covid-19 planned

Future plans of the company include to open more resort hotels and residences across Myanmar, including budget hotels in some cities, and expand in the travel and tours and food and beverage segments, as well as to offer leisure aviation activities with seaplanes and helicopters as soon as the Covid-19 pandemic subsides.

Currently, the six listed companies at the Yangon Stock Exchange are Myanmar Thilawa Special Economic Zone, Myanmar Citizens Bank, First Private Bank, TMH Telecom, First Myanmar Investment and transport and logistics services provider Ever Flow River.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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