YOMA STRATEGIC HOLDINGS LTD
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Yoma Strategic Holdings (“YSH”) is one of the leading conglomerates in Myanmar. Over the last 10 years, YSH has built a diversified portfolio of businesses in Myanmar through organic growth and in close cooperation with established international partners. The Company’s four core business divisions are Real Estate, Automotive & Heavy Equipment, Consumer and Financial Services, along with a portfolio of investments.
What is our funding objective?
To finance the import of tractors and implements for the expansion of YSH’s agri-equipment business under the business division “Automotive & Heavy Equipment”.
Why do we fund this investment?
By investing in this transaction, FMO will support the increase in crop productivity and agricultural mechanization in the country. Moreover, FMO intends to organize training for farmers on GAP and agricultural mechanization. Finally, long-term funding is hardly available in Myanmar
What is the Environmental and Social categorization rationale?
YSH is a category B client. FMO’s preliminary environmental and social review indicates that FMO’s financing will have limited E&S impact. The relevant Performance Standards to this investment include - PS 1: Assessment and Management of Environmental and Social Risks and Impacts; - PS 2: Labour and Working Conditions and PS 3: Resource Efficiency and Pollution Prevention. FMO will periodically review the project’s compliance with the Performance Standards. Given that FMO will finance the sale and distribution of tractors and implements, the following PS do not apply; - PS 4: Community Health, Safety and Security; - PS 5 Land Acquisition and Involuntary Resettlement; - PS 6 Biodiversity Conservation; PS 7 Indigenous People and - PS 8 Cultural Heritage.
More investments
| Date | Total FMO financing |
|---|---|
| 10/22/2019 | USD 5.30 MLN |
| 10/22/2019 | USD 4.70 MLN |
| 10/29/2018 | USD 8.00 MLN |
- Region
- Asia
- Country
- Myanmar
- Sector
- Agribusiness, Food & Water
- Publication date
- 7/6/2018
- Effective date
- 10/29/2018
- Total FMO financing
- USD 17.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B