Slider

Filter by date

Capital Diamond Star Group and Perennial Real Estate Holdings Limited hold Groundbreaking Ceremony for their First Joint Venture Project in Mandalay

Mandalay, May 28, 2019 – Capital Diamond Star Group (“CDSG”), one of Myanmar’s most respected and prominent conglomerates with leading businesses in food, retail, real estate development, construction, healthcare, banking, insurance and micro finance sectors, and Perennial Real Estate Holdings Limited ("Perennial"), an integrated real estate and healthcare company headquartered and listed in Singapore, held a groundbreaking ceremony today for their first mixed-use development on Theik Pan Road in Mandalay. The mixed-use development, located between 69th and 70th Street in Chan Mya Thazi Township, will comprise an innovation centre, international-standard shopping mall and an exclusive luxury villa enclave. Designed with the community in mind, the development will also feature civic spaces and amenities for the public to enjoy. CDSG and Perennial will enter into a public-private-partnership (“PPP”) with the Mandalay Region Government for the development. With this maiden project as the cornerstone, CDSG and Perennial will continue to source for, invest in and develop real estate projects in Mandalay and Yangon, thus leveraging the strong local presence and market knowledge of CDSG, and the world-class development and asset management track record of Perennial. DP Architects, an award-winning Singapore-based architectural firm, will lead the design process for this development. They will be supported by a strong team of international and local consultants with vast experience in delivering high quality real estate. U Ko Ko Gyi, CDSG Group Managing Director, said, “The signing and groundbreaking ceremony today marks our first step towards the long-term cooperation with Perennial in Myanmar. We will bring valuable investments and quality development projects for our community.” Mr. Pua Seck Guan, Chief Executive Officer of Perennial, said, “We are pleased to forge this strategic partnership with CDSG, one of the most established conglomerates in Myanmar, for our maiden investment in Myanmar. With CDSG’s strong on-ground understanding and excellent delivery capabilities, coupled with Perennial’s expertise and experience in large-scale integrated real estate development and management, the joint venture partners are well-positioned to create an outstanding product which will provide a platform for access to future opportunities in one of the key growth markets in Asia.” CDSG, under its subsidiary Capital Development Limited, has successfully implemented highly visible projects in Myanmar including Kokkhine flyover, Shwe Gon Dine flyover, Myaynigone flyover, GEMS Garden condominium, hypermarkets, automotive assembly plant and showroom, manufacturing plants, university and schools. Perennial is an integrated real estate and healthcare company that focuses on large-scale mixed-use integrated developments. Four of Perennial's developments, Chengdu East High Speed Railway ("HSR") Integrated Development, Xi'an North HSR Integrated Development, Tianjin South HSR Integrated Development and Kunming South HSR Integrated Development, are regional healthcare and commercial hubs which are situated adjacent to four of China's largest HSR stations and incorporate medical, healthcare and eldercare facilities. Other notable projects in Perennial's portfolio include Beijing Tongzhou Integrated Development, Capitol Singapore and The Light City in Penang. About Capital Diamond Star Group Capital Diamond Star Group (CDSG) can trace its roots back to a small trading outfit that started in the 1960s. Since then, CDSG has grown into a diversified conglomerate with businesses in food, retail, real estate, healthcare, financial, portfolio investment and others, with over 9,000 colleagues under employment and over 90% of market coverage/touch-points in Myanmar. About Perennial Real Estate Holdings Limited (www.perennialrealestate.com.sg) Perennial Real Estate Holdings Limited ("Perennial") is an integrated real estate and healthcare company headquartered and listed in Singapore. As a real estate owner, developer and manager, Perennial focuses strategically on large-scale mixed-use developments and has a presence in China, Singapore, Malaysia, Indonesia and Ghana with a combined portfolio spanning about 65 million square feet in gross floor area. Perennial is also a healthcare services owner, operator and provider in China with two core business segments, being hospitals and medical centres as well as eldercare and senior housing. In China, Perennial is a dominant commercial developer with large-scale mixed-use integrated developments. Four of Perennial's developments, Chengdu East High Speed Railway ("HSR") Integrated Development, Xi'an North HSR Integrated Development, Tianjin South HSR Integrated Development and Kunming South HSR Integrated Development, are regional healthcare and commercial hubs which are situated adjacent to four of the country's largest HSR stations and incorporate medical, healthcare and eldercare facilities. Other notable projects in Perennial's portfolio include Beijing Tongzhou Integrated Development, Shenyang Longemont Integrated Development, Zhuhai Hengqin Integrated Development, Perennial Jihua Mall in Foshan and Perennial Qingyang Mall in Chengdu. In Singapore, Perennial has invested in and manages prime iconic properties located in the Civic District, Central Business District and Orchard Road precinct, such as Capitol Singapore, CHIJMES, AXA Tower, 111 Somerset, Chinatown Point and House of Tan Yeok Nee. Media Release_CDSG and Perennial_Final_English Ver Media Release_CDSG and Perennial_Final_Myanmar Ver For more information, please contact: CDSG: Capital Diamond Star Group Kyaw Swar Corporate Communications and PR Manager Mobile: +95 9 2532 61559 Email: kyaw.swar@cdsg.com.mm Website: www.cdsg.com.mm Perennial Real Estate Holdings Limited Ms Tong Ka-Pin Chief Corporate Officer Office: +65 6602 6828 Mobile: +65 9862 2435 Email: tong.ka-pin@perennialrealestate.com.sg

Capital Diamond Star Group partners with Sunway Group to develop projects in Myanmar

Mandalay, April 1, 2019 – Capital Diamond Star Group (CDSG), one of Myanmar’s most respected and prominent conglomerates with leading businesses in food, retail, real estate development, construction, healthcare, banking, insurance and micro finance sectors, signed a Memorandum of Understanding (MoU) with Sunway Group, one of Malaysia’s largest conglomerates with core interests in real estates, constructions, healthcare and education among other businesses across 50 locations worldwide. Capital Construction Limited (CCL), a leading construction company in Myanmar and member of CDSG will cooperate with Sunway Builders (Myanmar) Co. Ltd, a subsidiary of Sunway Construction Group Berhad (SCGB) – a leading construction company in Malaysia and a company listed on the Stock Exchange of Malaysia – to develop major infrastructure and construction projects in Myanmar. With this partnership, the companies plan to jointly bid for potential projects to be developed by CDSG, such as mix-used developments, offices, hotels and hospitals in Yangon and Mandalay, as well as external infrastructure projects. The MoU will also enable both construction giants to share construction knowledge and expertise in project management, to put forward the most effective strategy for project development. In his speech, U Ko Ko Gyi, CDSG Group Managing Director said, “This partnership agreement will be bringing quality and high-tech construction projects for our people and it will also support development of the Myanmar construction industry.” Chung Soo Kiong, Managing Director of Sunway Construction Group Berhad said, “Myanmar is one of the fastest growing economies in Asia. The construction industry is also developing at a rapid pace, and it is expected to remain robust in the coming years as the government seeks to address significant infrastructure issues. Foreign investment flowing into Myanmar will give further impetus to the economy. We see great potential in this country, and are planning our maiden foray here with Sunway Builders (Myanmar). We believe this strategic partnership with Capital Construction Limited will not only drive the business growth for Sunway Construction Group, but also for the construction industry in Myanmar.” This collaboration will be a step forward for Capital Construction Limited and Sunway Builders (Myanmar) to reach a leading position in the Myanmar market. Capital Construction Limited has successfully implemented well-known projects in Myanmar including Kokkhine flyover, Shwe Gon Dine flyover, Myaynigone flyover, GEMS Garden condominium, hypermarkets, automotive assembly plant and showroom, manufacturing plants, university and schools. Sunway Construction Group Berhad (SunCon), is Malaysia’s largest pure-play construction group that provides a full range of integrated design and construction services including building, civil engineering and infrastructure, foundation and geotechnical engineering, mechanical, electrical and plumbing (MEP) services as well as manufacturing and sale of precast concrete products. The award-winning SunCon also offers end-to-end solutions for its clients as well as control over timely delivery and quality. It is also the first construction company to integrate Virtual Design Construction (VDC) technology into its construction processes as part of its sustainability journey. SunCon currently embraces 3D (design), 4D (time), 5D (costing) and latest 6D (facility management) to ensure seamless transfer of information and data between project partners. About Capital Diamond Star Group Capital Diamond Star Group (CDSG) can trace its roots back to a small trading outfit that started in the 1960s. Since then, CDSG has grown into a diversified conglomerate with businesses in food, retail, real estate, healthcare, financial, portfolio investment and others, with over 9,000 colleagues under employment and over 90% of market coverage/touch-points in Myanmar About Sunway Group Established in 1974, Sunway Group is one of Malaysia’s largest conglomerates with core interests in real estate, construction, education and healthcare, with a unique build-own-operate business model. Our 16,000-strong team across 50 locations worldwide is committed to transformative growth and sustainable progress through our 12 business divisions including retail, hospitality, leisure, trading and manufacturing, building materials and Real Estate Investment Trust (REIT). We are committed to the 17 United Nations Sustainable Development Goals and continue to align our business strategies towards minimising environmental impact, and advancing economic and social progress. For more information, log on to www.sunway.com.my Media Release_CDSG and Sunway MOU signing ceremony_Final_English Ver Media Release_CCL and Sunway MOU signing ceremony_Final_Myanmar Ver For more information, please contact: CDSG: Capital Diamond Star Group Kyaw Swar Corporate Communications and PR Manager Mobile: +95 9 2532 61559 Email: kyaw.swar@cdsg.com.mm Website: www.cdsg.com.mm Sunway Group May Lim Corporate Communications Mobile: +6016 494 5413 Email: limmk@sunway.com.my Website: www.sunway.com.my

CDSG: Clean-Up Activity at Botataung Pagoda

Yangon, Botataung pagoda, March 16, 2019 – CDSG: Capital Diamond Star Group’s employees together provided clean up activity at Botataung pagoda. At this event, over 500 employees from members of CDSG businesses: Agribusiness, Branded Consumer Food, Capital hypermarket and supermarket, G&G: Grab and Go convenience store chain, Capital Development Ltd., and Capital Construction Ltd., joined actively and happily. One of the CDSG well-known brands, Premier coffee donated coffee and snacks to employees and visitors at the pagoda. U Soe Tint, Director of CDSG, said that “CDSG is trying to be a good member for our community which we operate in. Meanwhile, we would like to be a responsible organization for helping people of Myanmar development in future.” Responsible persons from Botataung pagoda also helped during clean up activity then CDSG donated fund to pagoda. CDSG continues to strive to be the responsible member of the community by providing various support in the areas of education, healthcare, culture, agricultural development, rural and urban area development. About CDSG Started in the 1960 as a small trading company, Capital Diamond Star Group (“CDSG”) has since grown into one of the most respected and prominent conglomerates in Myanmar. CDSG operates businesses in food, retail, real estate, healthcare, financial services, portfolio investment and others, with over 9,000 employees and over 90% of market coverage/touch-points in Myanmar. About Capital Diamond Star Foundation The foundation serves the people of Myanmar in initiatives in the field of education, health, culture, agriculture development, rural and urban area development. The foundation also responds to calls for humanitarian assistance in Myanmar in times of emergencies. Media Release_CSR_Botahtaung pagoda_20190316_Final_Myanmar Ver Media Release_CSR_Botahtaung pagoda_20190316_Final_English Ver For more information, please contact: Kyaw Swar Corporate Communications and PR Manager Capital Diamond Star Group Mobile: +95 9 2532 61559 Email: kyaw.swar@cdsg.com.mm Website: www.cdsg.com.mm  

JOIN supports the Thilawa Area Port Bulk Terminal Project in Myanmar

Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (“JOIN”, headquartered in Tokyo, President & CEO: Takuma Hatano) entered into an agreement on March 19, 2019 with Kamigumi Co., Ltd. (“Kamigumi”, headquartered in Kobe City, President & COO: Yoshihiro Fukai) and Myanmar’s local company Lluvia Limited* (“Lluvia”, headquartered in Yangon City, Managing Director: U Ko Ko Gyi) to invest in International Bulk Terminal (Thilawa) Company Limited (“IBTT”) which was jointly established with Kamigumi and Lluvia. JOIN’s share of the investment is approximately JPY 1.7 billion and was made following the approval from the Minister of Land, Infrastructure, Transport and Tourism on January 29, 2019. The terminal that will be operated by IBTT in Thilawa Area Port plot 30 and 31 (“the Terminal”) is being constructed as a bulk terminal powered by silos and warehouses for grains and feed crops. The construction work is based on a BOT contract with Myanma Port Authority with completion slated in April 2019 and operation is expected to start in May 2019. The transition of Myanmar to a democratic government propelled the country’s economic growth which led to the expansion of food consumption and consequently the increase of imported wheat and other grains. Furthermore, rice, one of Myanmar’s staple crops, is widely exported to the world. Myanmar has traditionally traded grains by containers, however, as the volume increases, it is expected to shift more shipments to bulk carriers and grain silos which would reduce logistic costs on the back of larger volumes. JOIN will support Kamigumi’s overseas expansion of terminal management expertise in food safety and efficient operation cultivated in the domestic market while also aim to contribute to increase Myanmar’s trade volume, improve the country’s food situation in line with its economic growth. *Lluvia Limited: Invested and operated by Capital Diamond Star Group (“CDSG”, headquartered in Yangon City, Group Managing Director: U Ko Ko Gyi) and Mitsubishi Corporation (“Mitsubishi”, headquartered in Tokyo, President & CEO: Takehiko Kakiuchi). It is a joint venture company for CDSG’s food sector business. ?Overview of the Terminal? Site Area?80,000? Quay?230m?Plot 30 and 31? Draft?9m Allowable ship length/Dead Weight Tonnage?200m/20,000DWT Handling Capacity?1 million ton /year Operation Period?Until the year 2064 ?Business Scheme? ?Location Map? ?Completion Image? Media Release_IBTT & JOIN_Final_English Ver (Press Contacts) Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development Project Department Kawakami TEL?03-5293-6723 FAX?03-3218-5561

One of the leading highway express transportation company, JJ Express signs Memorandum of Agreement with G&G Convenience Store, one of Myanmar’s biggest retail business to start selling JJ Express bus e-ticket at the G&G stores.

November 15, 2018, Yangon JJ Express, which is a Myanmar’s leading Bus Company has signed Memorandum of Agreement with one of the biggest retail business in Myanmar, G&G Convenience Store that will allow G&G to start selling bus e-ticket for JJ Express via its E-services offering. According to the cooperative agreement, JJ Expressway bus ticket can now be purchased at all G&G Convenience Stores in Yangon as e-tickets. “We see the difficulty of buying expressway bus tickets when we want to travel. This is a reason why we plan to sell our bus tickets at G&G convenience stores where people can buy easily. Now, you can go out and buy the bus ticket easily at the nearest G&G convenience store.” Said U Myint Oo, President of JJ Express. Executive Director of G&G Convenience Store, U Soe Tint said, “We’re really pleased for this strategic cooperation between G&G and JJ Express because this will be very helpful for our customers as they can buy the bus ticket conveniently at our stores. In the future, we will try to make the availability of JJ Expressway bus tickets at all G&G stores in other regions as well.” The collaboration between JJ Express and G&G Convenience Store started in May 2018 and since them the total number of 230 G&G convenience stores in Yangon current sell JJ Expressway bus e-tickets. In the near future they can be bought at every G&G stores across Myanmar. About JJ Express Joyous Journey Express Company (JJ Express) is a Myanmar’s leading highway bus company and was founded in 2011. It is the first express bus company to introduce and define Brand new Express Buses and Bus Attendants. Now, there are (…) buses in JJ Express and it operates among major cities: Yangon, Mandalay, Naypyidaw, Bagan, Taunggyi, and Maikhtilar. JJ Express uses brand-new Higer Bus with 3 axles Bus for comfort and safety. Tickets can be booked and bought at most three months in advance on https://www.jjexpress.net. About G&G Grab & Go Convenience Store (“G&G”) is the largest convenience store chain in Myanmar’s retail industry and was founded by Capital Diamond Star Group (“CDSG”) in 2012. CDSG is one of the prominent business groups in Myanmar and is a diversified conglomerate with a presence spanning multiple sectors. CDSG has already opened about 230 G&G Convenience stores in Yangon with presence also in Naypyidaw, Mandalay, and Bago. CDSG will continue to explore opening more G&G stores in the major cities across Myanmar. G&G has introduced the E-services at its stores since 2017 in order to fulfill the demand from the consumers enhanced convenience experience at the stores. In light of this, Expressway bus tickets, air tickets, cinema tickets, mobile top-up, and other E Top-ups are now available in G&G stores via our E-services. Media Release_G&G and JJ Express_Final_Myanmar version Media Release_G&G and JJ Express_Final_English Ver For more information, please contact: G&G E-services Aung Kyaw Moe Head of G&G E-services Mobile: +95 9 9655 00247 E-mail: aung.moe@capitalconnect.com.mm JJ Express Kyawt Kyawt Thet Business Development Manager Mobile: +95 9 4311 7465        
1 2 3 4 5
Copyright © 2019. All rights reserved by CDSG.