Yoma Strategic Holdings is acquiring a 70% stake in

German Car Industries Company (GCI) for US$700,000.

GCI is an established premier service centre for European

vehicles in Yangon that was established in 1996. We are

positive on this acquisition because it is a good spring

board for Yoma's entry into the car servicing/distributing

industry in Myanmar, especially the luxury segment. GCI is

profitable with an average PBT margin of 25%. This

acquisition would enable Yoma to gain a foothold in the

niche market of servicing European brands and would

complement its involvement in Japanese autos. Yoma

intends to seek one or two more distributorships in time,

Financially, we believe contributions could start in FY14.

Separately, the group is exploring the possibilities of

acquiring another 12-acres (522k sq ft) site at the fringe

of Yangon City Centre from SPA group under the first

right of refusal deed (FRRD). This proposed acquisition site