SINGAPORE PRESS-UOA ventures into Myanmar property market - Business Times

United Overseas Australia Ltd UOS.AX has joined a growing list of global companies venturing into the emerging Myanmar market.

The Australia and Singapore listed property-related company said on Tuesday that it has formally agreed to pay $24 million for an 80 per cent stake in a Myanmar company which owns and has the rights to develop 2.414 acres (0.977 hectare) of land in Dagon Township, Yangon region.

http://link.reuters.com/jyn57v

NOTE: Reuters has not verified this story and does not vouch for its accuracy.

(Compiled by Singapore Newsroom; Editing by Ed Davies)

((singapore.newsroom@thomsonreuters.com)(+6564035665))

Keywords: SINGAPORE PRESS/UOA