Serge Pun & Associates

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Serge Pun & Associates
Founded1983 (1983)
FounderSerge Pun
OwnerSerge Pun
SubsidiariesFirst Myanmar Investment
Yoma Strategic Holdings
Yoma Bank

Serge Pun & Associates (also SPA Group) is a major Myanmar-based conglomerate, engaged in 8 core sectors with 25 subsidiaries, involved in automobiles, real estate, retail, luxury tourism, agriculture and financial services.[1] Its flagship company, First Myanmar International (FMI), was established in 1992 as one of Myanmar's first publicly traded companies.

SPA Group was founded by Serge Pun, a Sino-Burmese, in Hong Kong in 1983 as an investment holding and operating company.[1] The company was registered in Myanmar in 1991.[1]



  1. ^ a b c d e f g h i j k Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (PDF). Myanmar's Integration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Archived from the original (PDF) on 24 September 2015. Retrieved 11 July 2015.