Singapore-listed Memories Group has taken a 15.3 percent stake in Strand Hotel International, which, in turn, holds a 50pc stake in Myanmar Hotel International Company.

The latter has long-term leasehold rights and the rights to develop, operate, and manage the Strand Hotel, Inya Lake Hotel and Hotel G Yangon. SHIL also holds an 80pc stake in Myanmar Cruise International Ltd, which owns a boat cruise in Myanmar


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