Ayala to invest over $200m in SGX-listed Yoma Strategic, affiliate

Ayala to invest over $200m in SGX-listed Yoma Strategic, affiliate

Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala. Photo from company's Facebook page.

Philippine conglomerate Ayala will invest $238 million in two Myanmar-focused companies led by tycoon Serge Pun, a deal that links a pair of Southeast Asian corporate powerhouses in a country struggling to draw much-needed foreign investment.