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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Yoma Strategic Holdings Ltd.    Z59   SG1T74931364

YOMA STRATEGIC HOLDINGS LTD.

(Z59)
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Yoma Strategic : Completion Of The Acquisition Of 10% Interest In Digital Money Myanmar Limited

10/13/2020 | 07:35am EST

COMPLETION OF THE ACQUISITION OF 10% INTEREST IN DIGITAL MONEY MYANMAR LIMITED

Where capitalized terms are used in this announcement and not otherwise defined, such capitalized terms shall bear the same meanings as ascribed to them in the announcement dated 8 November 2019 relating to the proposed acquisition of 10% interest in Digital Money Myanmar Limited (the "Announcement").

The board of directors (the "Board") of Yoma Strategic Holdings Ltd. (the "Company" together with its subsidiaries, the "Group") is pleased to announce that the Company's wholly-owned subsidiary, Yoma Strategic Investments Ltd. ("YSIL") has completed the Proposed Acquisition on 13 October 2020. Following the completion of the Proposed Acquisition, Digital Money Myanmar Limited ("Wave Money") is now a 44%-held associated company of the Company.

The Company also refers to its announcements on 18 May 2020 and 24 June 2020 in relation to the proposed strategic investment by Ant Financial Group in Wave Money and the proposed acquisition by YSIL of all interests held by the Telenor group of companies in Wave Money. Parties are still working towards satisfaction of the prescribed condition precedents and will update shareholders as and when appropriate when the transactions contemplated have been completed.

BY ORDER OF THE BOARD

Melvyn Pun

Chief Executive Officer

13 October 2020

YOMA STRATEGIC HOLDINGS LTD.

Company Registration No. 196200185E 63 Mohamed Sultan Road #02-14Sultan-Link Singapore 239002 Tel: (65) 6223 2262 Fax: (65) 6223 1990

www.yomastrategic.com

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Yoma Strategic Holdings Ltd. published this content on 13 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2020 11:34:05 UTC


© Publicnow 2020
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Financials
Sales 2020 142 M 106 M 106 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 626 M 470 M 469 M
Capi. / Sales 2020 4,43x
Capi. / Sales 2021 4,23x
Nbr of Employees 4 000
Free-Float 55,4%
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Mean consensus BUY
Number of Analysts 2
Average target price 0,48 SGD
Last Close Price 0,28 SGD
Spread / Highest target 78,6%
Spread / Average Target 71,4%
Spread / Lowest Target 64,3%
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Managers
NameTitle
Chi Tung Pun Chief Executive Officer & Executive Director
Serge Pun Executive Chairman
J. R. Ching Chief Financial Officer
Peng Ee Chan Lead Independent Non-Executive Director
Su-Yen Wong Independent Non-Executive Director