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Serge Pun & Associates Ltd. was founded in 1991 by Serge Pun as an investment holding and operating company pursuing 7 major business sectors.

Over the past sixteen years, SPA has had dynamic growth and an impressive track record of successful businesses in Myanmar, Hong Kong, Thailand, Singapore and China. Currently, there are 41 operating companies within the Group, which includes the group's flagship – First Myanmar Investment Co. Ltd. (FMI), a Myanmar Public Company and YOMA Strategic Holdings Ltd. (YSL), a Singapore Public Company. Foreign joint venture partners include multinational corporations such as Nissan Motor Company, Suzuki Motor Company and Sumitomo Corporation of Japan, as well as international private investment companies and high net worth individuals from North America, Europe and Asia.

The SPA Group employs more than 3,500 employees directly plus thousands more indirectly who are employed contractors working on SPA projects.

SPA Group and Serge Pun being have, between them, collaborated on or lead more than 30 successful real estate developments. High profile projects include: Abdulrahim Building, widely accepted as Bangkok, Thailand’s first international standard Grade A office tower; FMI Centre, one of Yangon’s first upmarket shopping centers, and; Sand River Golf Club and Villas, Shenzhen, China’s prestigious golf estate.

In June 2006, Dalian was chosen as the China headquarters for the SPA Group, and SPA (Dalian) Property Development Company was established to develop Grand Central as well as other real estate development projects in China.

In Dalian, SPA is supported by its sister companies, SPA Design and SPA Project Management. With a combined team of over 70 real estate professionals from around the world, including from Australia, the United Kingdom, Hong Kong, Philippines, Malaysia, Thailand, Portugal, France and China, SPA Dalian is poised to inject new life into the real estate industry in northeastern China.