Our Chairman, Serge Pun, was born in Myanmar but moved with his family at the age of 11 to China. In 1983, after working in the property industry for many years, he founded the Serge Pun & Associates (SPA) Group in Hong Kong as a real estate developer. It was one of Asia’s first syndicated developers, acting as a general partner in real estate limited partnerships, and was responsible for projects such as Stewart Terrace on The Peak and Village Gardens in Yau Yat Chuen. In 1988 SPA opened its first overseas branch in Bangkok. Branches and subsidiaries in Kuala Lumpur, Shenzhen, Chengdu, Dalian and Taipei quickly followed and some of the Groups notable projects include the Sand River Golf Club in Shenzhen, Abdulrahim Place at 990 Rama IV, Bangkok and The Grand Central, Dalian.
Return to Myanmar
In 1991, Serge Pun decided to return to Yangon, his hometown in Myanmar, to set up SPA (Myanmar) Ltd. Today the Group is an investment holding company pursuing seven diversified spheres of business - Financial Services, Real Estate, Services, Agriculture, Automobiles, Manufacturing & Trading and Retail. Over the past two decades in Myanmar, SPA has shown dynamic growth with an impressive track record. Currently, there are 40 operating companies within the Group, which include the Group's two flagship public companies - First Myanmar Investment Co., Ltd. (FMI), a Myanmar Public Company and Yoma Strategic Holdings Ltd. (YSHL), a Singapore Exchange Main Board Listed Company.
A Diversified Conglomerate Business
The Group employs more than 4,500 employees directly plus thousands more indirectly who are employed contractors working on SPA developments. SPA also serves investors and shareholders in its various investment companies and projects. Foreign business partners include multinational corporations such as Case New Holland, Jebsen and Jessen, Mitsubishi Electric Corporation and Sumitomo Corporation.