Unique Myanmar Hospitality & Leisure Gateways



Memories Group Acquires Burma Boating, Eyes Further Portfolio Expansion

Announcement


• Deal to purchase luxury yachting business marks the first acquisition by Memories Group as it builds on its integrated tourism platform in Myanmar

• Burma Boating offers tourists a unique experience in the Mergui Archipelago

• Mergui Archipelago is expected to receive tourism boost as tender to upgrade the Kawthaung domestic airport to an international airport is in progress

Singapore, 5 March 2018 – SGX-Catalist listed Memories Group Limited (“Memories Group” or the...


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09

Feb

Memories Group 3Q2018 revenue increased 57.4% y-o-y to US$3.9 million

Finance


  • Net operating profit increased by 84.3% to US$0.8 million excluding the one-off RTO expenses of US$6.3 million

  • Pun Hlaing Lodge is expected to be completed by end of 2018

  • Actively negotiating for acquisition targets within...


About Memories Group

Unique Myanmar Hospitality & Leisure Gateways



Memories  Group is a tourism company in Myanmar that operates an “Integrated Tourism Platform” which synergistically connects all its businesses to provide a seamless, one-of-a-kind experience aimed at creating lasting memories. The Memories Group’s strategy is to leverage on its first mover advantage and further establish its position as a leading tourism company in Myanmar.

The Memories Group’s Integrated Tourism Platform comprises three business segments:

Hotels

Hotels, resorts and lodges throughout the country’s major tourist and business destinations, as well as the development of new high potential tourism destinations in Myanmar.

Experiences

Businesses providing experiences such as hot air ballooning, trekking, boating, diving and eco-tourism.

Services

Travel and destination management services, creating new opportunities to explore regions previously unknown to international travelers.