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Business deals

Ayala keen to 'replicate' Yoma deal with more ASEAN family empires

'Chemistry' was key in Philippine and Myanmar conglomerates' rare tie-up

Yoma's Serge Pun, left, and Ayala's Jaime Augusto Zobel de Ayala have been friends for years. (Photo by Weixiang Lim)

SINGAPORE -- The chairman of Philippine conglomerate Ayala Corp. says he is open to more partnerships with Southeast Asia's family-run empires, after sealing just such a rare deal with Myanmar's Yoma Group.

Ayala, whose operations span real estate and finance to health care, this week announced a combined $237.5 million investment in two companies controlled by the Myanmar group.

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