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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. 

Company Quote

0.0050 +0.93%
30 Jan 2015