Yoma clarifies no charges against chairman Serge Pun in Myanmar

Company CEO Melvyn Pun regularly communicates with his father about his Nay Pyi Taw dealings.

Yoma Strategic Holdings (Yoma) reported that its CEO, Melvyn Pun, regularly communicates with his father, Executive Chairman Serge Pun, about his dealings with relevant authorities in Nay Pyi Taw, Myanmar.

The CEO also said Yoma has not received any information indicating Serge is the subject of any investigation. He added that Serge is in Nay Pyi Taw to meet with authorities on matters related to his banking business, not the company's businesses or operations.

Bloomberg reported that Myanmar’s central bank will take action against seven banks, including Yoma Bank, chaired by Pun, for granting housing loans exceeding central bank limits to stabilise the local economy.

Yoma, however, stated it has not been provided with, nor is it aware of, specific details regarding the matter currently under investigation by relevant authorities.

Yoma also clarified that the company is not involved in the banking sector in Myanmar and does not hold any shares in any Myanmar banks.

In addition, Yoma said no charges were filed against Serge Pun, contrary to what was suggested in an article released by Myanmar-Now on 9 July titled "Serge Pun, one of Myanmar's top tycoons, detained in Naypyitaw".

The company will make further announcements if it receives any notification from the relevant authorities or a material update from Serge Pun.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia