Key Developments: Yoma Strategic Holdings Ltd (YOMA.SI)

YOMA.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Yoma Strategic Holdings Ltd proposing to raise capital by issuing new ordinary shares
Tuesday, 1 Jul 2014 07:05am EDT 

Yoma Strategic Holdings Ltd:Proposing to raise capital by issuing 135,000,000 new ordinary shares in capital of the Company.Placement Shares, if fully allotted and issued, represent about 10.45 pct of enlarged issued and paid-up share capital (excluding treasury shares) of the company after the completion of placement.Placement shares are priced at S$0.70 per placement share which represents discount of about 8.40 pct to the volume weighted average market price of S$0.7642 for each ordinary share in capital of company.Says for trades done on shares on the main board of the SGX-ST on June 25 being the full market day on which shares were traded preceding date of signing of placement agreement.In relation thereto, the Company entered into a placement agreement dated June 26 with DBS Bank Ltd. and CLSA Singapore Pte Ltd (CLSA) as joint bookrunners pursuant to which the Joint Bookrunners agreed to use their best efforts to procure subscriptions for placement shares.Estimated gross proceeds of placement is about S$94.50 mln and the net proceeds of placement, after deducting estimated expenses of about S$1.67 mln, will amount to about S$92.83 mln.  Full Article

Yoma Strategic Holdings Ltd to acquire land development rights pursuant to First right of refusal deed
Monday, 23 Jun 2014 07:20pm EDT 

Yoma Strategic Holdings Ltd:Says group has received written notice from Serge Pun & Associates (Myanmar) Limited (SPA) offering group right to acquire the economic benefit of 70 pct of the land in Pun Hlaing Golf Estate (PHGE).Says amounting to an aggregate area of about 250 acres (about 10.8 mln square feet) of which about 9.6 mln square feet comprises the golf course and country club.Says and also about 1.2 mln square feet comprises land development rights (collectively, the PHGE Golf and Land) alongside some related businesses, infrastructure and facilities1.Notice was provided pursuant to the First Right of Refusal Deed (FRRD) entered into between SPA and Yoma Strategic Investments Ltd. (YSIL), wholly owned subsidiary of the Company, dated Aug. 17, 2006.  Full Article

Yoma Strategic Holdings Ltd updates on proposed acquisition of Meeyahta International Hotel Ltd
Sunday, 15 Jun 2014 12:12pm EDT 

Yoma Strategic Holdings Ltd:Refers to announcement made on Nov. 19, 2012.Says it has agreed with the vendor, Serge Pun & Associates (Myanmar) Limited (SPA or the vendor), to vary the terms of the proposed acquisition of 80 pct shareholding interests in Meeyahta International Hotel Ltd.It has become apparent that the conditions precedent stipulated in the sale and purchase agreement relating to the proposed acquisition will not be satisfied before the long-stop date of June 30.SPA is confident that all the conditions precedent will eventually be satisfied.However, the timing of such is uncertain at this juncture.  Full Article

Yoma Strategic Holdings Ltd incorporates subsidiary
Thursday, 5 Jun 2014 04:58am EDT 

Yoma Strategic Holdings Ltd:Incorporated SPA Project Management Services Ltd in Myanmar.It principal activity to carry out existing project management services in Myanmar undertaken by Yoma Development Group Ltd a company held through the company’s wholly owned subsidiaries, Yoma Strategic Investments Ltd and Yoma Development Group Pte Ltd.  Full Article

Yoma Strategic Holdings does not declare dividend
Tuesday, 20 May 2014 06:53pm EDT 

Yoma Strategic Holdings Ltd:Says no dividend has been declared/recommended for the period ended March 31.  Full Article

Yoma Strategic Holdings Ltd announces incorporation of a joint venture company
Friday, 9 May 2014 01:05pm EDT 

Yoma Strategic Holdings Ltd:Reference made to the announcement dated Dec. 4, 2013 on the proposed joint venture to build and operate a steel mesh products manufacturing plant in Yangon.Says BRC Myanmar Company Limited has been incorporated in Myanmar.Says shareholders are LCT Investment Holdings Pte Ltd holding 60 pct, Yoma Strategic Investments Ltd, a 100 pct subsidiary of the Company holding 20 pct and First Myanmar Investment Co., Ltd holding 20 pct.Principal activity is to build and operate a BRC Mesh products manufacturing plant.  Full Article

Yoma Strategic Holdings Ltd forms joint venture agreement with Mitsubishi Corporation And First Myanmar Investment
Tuesday, 22 Apr 2014 06:28am EDT 

Yoma Strategic Holdings Ltd:Enters into joint venture agreement with Mitsubishi Corporation (MC) and First Myanmar Investment Co., Ltd (FMI) for the purposes of establishing joint-venture company.To provide, technical services and solutions, installation, testing and commissioning and import and supply of elevators, escalators and related products in the Republic of the Union of Myanmar.Established the joint venture company, MC Elevator (Myanmar) Ltd.Yoma Strategic subscribed for 20 pct of the issued share capital of MC Elevator for an initial cash consideration of $5,000.MC will hold 60 pct and FMI will hold 20 pct of issued share capital of MC Elevator.  Full Article

Yoma Strategic Holdings Ltd's subsidiary announces incorporation of subsidiary
Tuesday, 11 Mar 2014 06:14am EDT 

Yoma Strategic Holdings Ltd:Says its subsidiary, Plantation Resources Pte Ltd (PRPL), has incorporated new subsidiary namely, Myanmar Coffee Company Pte. Ltd (MCC).MCC is incorporated in Singapore, with issued and paid-up share capital of $100 comprising 100 ordinary shares.MCC's principal activity is principal activity.PRPL holds 85 ordinary shares representing 85 pct and Volcafe Pte Ltd holds 15 ordinary shares representing 15 pct in MCC.  Full Article

Yoma Strategic Holdings Ltd and The Hongkong and Shanghai Hotels, Limited sign agreement to develop the Peninsula Yangon
Monday, 10 Mar 2014 07:40am EDT 

Yoma Strategic Holdings Ltd and The Hongkong and Shanghai Hotels, Limited:Have signed a definitive shareholders’ agreement for the purpose of restoring the former Myanmar Railway Company headquarters into a hotel to be called The Peninsula Yangon.  Full Article

Yoma Strategic Holdings Ltd announces cessation of agreement with Dongfeng Automobile Co., Ltd. and Guangdong Machinery Imp. & Exp. Co. Ltd
Monday, 3 Mar 2014 05:42am EST 

Yoma Strategic Holdings Ltd:Says it has terminated its strategic co-operation agreement with Dongfeng Automobile Co., Ltd and Guangdong Machinery Imp. & Exp. Co. Ltd with effect from feb. 27.Says in view of this, all related agreement and arrangements relating to the Dong Feng business ventures have also ceased to be effective.  Full Article

SINGAPORE PRESS-Yoma, Mitsubishi JV to enter Myanmar tyre sector-Busines Times

Property and construction group Yoma Strategic Holdings Ltd is entering the tyre business in Myanmar through a joint venture with Mitsubishi Corp.

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