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
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
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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