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YOMA

Toyota86
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29-Apr-2014 21:00

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Yoma has been languishing in this price range despite all the upbeat predictions...for too long already!

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ronleech
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24-Apr-2014 10:56

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Getting alittle bit more active over the couple of days.... watch out for this counter...

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Atom99
Master

22-Apr-2014 18:46

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JOINT VENTURE AGREEMENT WITH MITSUBISHI CORPORATION AND FIRST MYANMAR INVESTMENT CO., LTD

The Board of Directors of Yoma Strategic Holdings Ltd. (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that the Company has entered into a joint venture agreement with Mitsubishi Corporation (&ldquo MC&rdquo ) and First Myanmar Investment Co., Ltd (&ldquo FMI&rdquo ) for the purposes of establishing a joint-venture company to provide, inter alia, the 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.

The parties have established the joint venture company, MC Elevator (Myanmar) Ltd (&ldquo MC Elevator&rdquo ) in Myanmar. The initial issued and paid-up capital of MC Elevator will be US$1.5 million comprising 1.5 million ordinary shares of US$1.00 each. The Company, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd., has subscribed for 20% of the issued share capital of MC Elevator for an initial cash consideration of US$5,000. MC will hold 60% and FMI will hold 20% of the issued share capital of MC Elevator. The shareholders will subscribe for their respective pro rata portion of the balance amount of the issued and paid-up capital upon the satisfaction of certain conditions precedent.

isaacsgx ( Date: 27-Mar-2014 10:04) Posted:

Today is the Myanmar play!

Atom99 ( Date: 27-Mar-2014 09:36) Posted:

What news?Already up 3 cents !now

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Solidsnake
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31-Mar-2014 15:34

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Think BBs still accumulating. Time to join in I guess.

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guoyanyunyan
Supreme

28-Mar-2014 11:34

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Yoma Strategic-Likely more upside ahead after strong rebound

By Philip Teo, OCBC
Fri, 28 Mar 2014, 09:00:27 SGT

Likely more upside ahead after strong rebound

Key supports still intact.
Yoma Strategic could see further recovery after initiating a strong rebound off both its $0.71 key support and 2-year uptrend support on heavy volume yesterday.

Indicator turning bullish.
The MACD has just crossed back above the centerline this suggests that the upside momentum is accelerating.

Target price at $0.86.
The counter could recover further towards the next key resistance at $0.86 (key peak) in the weeks ahead.

Stop loss level at $0.69.
Meanwhile, we advocate a stop-loss exit around $0.69, which is slightly below the firm support of $0.71.

...last:$0.76...

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isaacsgx
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27-Mar-2014 10:04

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Today is the Myanmar play!

Atom99 ( Date: 27-Mar-2014 09:36) Posted:

What news?Already up 3 cents !now.

Atom99 ( Date: 22-Mar-2014 13:31) Posted:

Landmark decision on the horizon.

http://www.mmtimes.com/index.php/national-news/9925-landmark-decision-on-the-horizon.html

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Atom99
Master

27-Mar-2014 09:36

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What news?Already up 3 cents !now.

Atom99 ( Date: 22-Mar-2014 13:31) Posted:

Landmark decision on the horizon.

http://www.mmtimes.com/index.php/national-news/9925-landmark-decision-on-the-horizon.html

Atom99 ( Date: 20-Mar-2014 13:28) Posted:

Just came in from SGX website.

1) ESTABLISHMENT OF NEW SUBSIDIARY IN THE AUTOMOBILE DIVISION
The Board of Directors of Yoma Strategic Holdings Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) wishes to update shareholders that its 70% owned subsidiary, Myanmar Motors Pte. Ltd. (?Myanmar Motors?) has incorporated a new wholly-owned subsidiary in relation to its vehicle operating lease and rental business. The remaining 30% of Myanmar Motors is held by First Myanmar Investment Co., Ltd.
Details are as follows:-
Name of company: Vehicle Lease Management Ltd.
Place of incorporation: Republic of the Union of Myanmar
Issued and paid-up share capital: US$50,000 comprising 50,000 ordinary shares Principal activities: Managing vehicle leasing and rental business

2) ESTABLISHMENT OF NEW SUBSIDIARY IN THE LUXURY TOURISM DIVISON
The Board of Directors of Yoma Strategic Holdings Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) wishes to update shareholders that its 70% owned subsidiary, Chindwin Holdings Pte. Ltd. (?Chindwin Singapore?) has, through its wholly-owned subsidiary, Chindwin Investment Ltd. (?Chindwin Myanmar?), incorporated a new subsidiary in relation to its luxury tourism business. The remaining 30% of Chindwin Singapore is held by First Myanmar Investment Co., Ltd.
Details are as follows:-
Name of company: Chindwin Bagan Co., Ltd.
Place of incorporation: Republic of the Union of Myanmar
Issued and paid-up share capital: 50,000,000 Kyats comprising 50,000 ordinary shares of 1,000 kyats each whereby 37,500 ordinary shares are held by Chindwin Myanmar and 12,500 ordinary shares are held by Khin Omar Win (an unrelated party)
Principal activities: General activities including construction and hotel related businesse

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Solidsnake
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24-Mar-2014 18:54

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Up up and away...?

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Atom99
Master

22-Mar-2014 13:31

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Landmark decision on the horizon.

http://www.mmtimes.com/index.php/national-news/9925-landmark-decision-on-the-horizon.html

Atom99 ( Date: 20-Mar-2014 13:28) Posted:

Atom99 ( Date: 11-Mar-2014 08:59) Posted:

There are a few announcement this morning. Those interested can go to SGX website to read

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Atom99
Master

20-Mar-2014 13:28

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Atom99 ( Date: 11-Mar-2014 08:59) Posted:

There are a few announcement this morning. Those interested can go to SGX website to read.

Atom99 ( Date: 10-Mar-2014 20:15) Posted:

To: All Finance/Business/Travel Editors

FOR IMMEDIATE RELEASE 10 MARCH, 2014

THE HONGKONG AND SHANGHAI HOTELS AND

YOMA STRATEGIC HOLDINGS

SIGN AGREEMENT TO DEVELOP THE PENINSULA YANGON

(Simultaneous release in Hong Kong, Singapore and Myanmar 10 March 2014)

The Hongkong and Shanghai Hotels, Limited (HSH) and Yoma Strategic Holdings Ltd. have announced a definitive shareholders? agreement for the purpose of restoring the former Myanmar Railway Company headquarters into a hotel to be called The Peninsula Yangon.

The agreement, subject to conditions and approval, will seek to redevelop and restore the heritage building, which dates from the 1880s and is one of the oldest existing colonial buildings in Yangon. It is located on Bogyoke Aung San Road in the central business district of Yangon, one kilometre north of the Yangon River and adjacent to the tourist attraction known as Scott?s Market.

Mr Clement K.M. Kwok, Managing Director and Chief Executive Officer of HSH, commented: " Myanmar is one of the world?s most exciting emerging markets and we see good potential in this market as a luxury travel and tourism destination. We are delighted to partner with Yoma, who share our long-term vision for the success of this project and have a proven track record of successful investments in Myanmar."

Mr Serge Pun, Chairman of Yoma Strategic Holdings Ltd, said: " The former Myanmar Railway Company headquarters is an iconic building in Myanmar. We believe that working with one of Asia?s most established hotel owner-operators and creator of world-class experiences will be invaluable in restoring the building to its former glory, as well as bring to Yangon a new luxury experience. It is a privilege to be part of this endeavour."

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guoyanyunyan
Supreme

13-Mar-2014 06:32

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Yoma Strategic Holdings: An impressive series of key moves more

Yesterday, Yoma reported a series of key moves in expanding its businesses in real estate, education, agriculture and logistics. First, it signed a definitive shareholders agreement with Hongkong and Shanghai Hotels to redevelop the former Myanmar Railway Company headquarters into The Peninsula Yangon hotel. In addition, Yoma will also take an 80% stake in developing two sites near FMI City into a project with 90 residential units and 19.9k sq ft of commercial leasing space.

Yoma also announced plans to co-develop educational facilities with Harrows International Management Services and Dulwich College International in Pun Hlaing Golf Estate and Star City, respectively.

Finally, the group also formed a proposed partnership (YALH) with IFC to invest in agriculture and logistics businesses. YALH has entered into agreements with ED& F Man Holdings Ltd, PMM Partners Ltd, and Kokubu & Co. Ltd., separately, to invest in coffee planting in Ayeyarwaddy, supplying UHT dairy products, and establishing a cold chain business in Myanmar, respectively.

Maintain BUY with a higher fair value estimate of S$1.00, versus S$0.97 previously, as we update our model for accretion from the FMI City Gate sites and marginally firmer real estate prices.

...last:$0.725...

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bishan22
Supreme

12-Mar-2014 08:29

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May see some life today. Good luck. Smiley

ps21/05 ( Date: 11-Mar-2014 11:13) Posted:

From Straitstimes online.

Singapore-listed Yoma Strategic Holdings has made several moves to expand its business operations in Myanmar across various industries, it said on Tuesday.

The company has formed a new investment holding arm, Yoma Agricultural & Logistics Holding (YALH), for its forays into the coffee, dairy, cold storage and logistics, and commercial vehicle leasing businesses.

International Finance Corporation, the World Bank's private equity arm, will invest up to 20 per cent in YALH and will share its global network and expertise in agriculture investments in developing countries, Yoma said.

It also announced that it has formed joint ventures with various partners to plant and sell coffee process and supply UHT dairy products to consumers in Myanmar and store and distribute agricultural, seafood and processed products.

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ps21/05
Member

11-Mar-2014 11:13

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From Straitstimes online.

Singapore-listed Yoma Strategic Holdings has made several moves to expand its business operations in Myanmar across various industries, it said on Tuesday.

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Atom99
Master

11-Mar-2014 08:59

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There are a few announcement this morning. Those interested can go to SGX website to read.

Atom99 ( Date: 10-Mar-2014 20:15) Posted:

Atom99 ( Date: 21-Feb-2014 06:26) Posted:

UPDATE ON THE LANDMARK DEVELOPMENT

Reference is made to the announcements by Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) on 19 November 2012, 18 December 2012, 8 February 2013, 15 March 2013, 18 April 2013, 16 June 2013, 1 October 2013 and 31 December 2013 (collectively, the ?Announcements?) and the Company?s circulars dated 8 February 2013 and 15 July 2013 (collectively, the ?Circular?) in relation to the Company?s proposed acquisition of eighty per cent. (80%) interests in respect of the Landmark Development and the Proposed Rights Issue.
Unless otherwise defined, all terms used herein shall be as defined in the Announcements and the Circulars.
The Board of Directors (the ?Board?) of Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) wishes to provide an update relating to the Landmark Development.
1.1 The Company had on 1 October 2013 announced that it has entered into an MOU in discussion with Mitsubishi Corporation and Mitsubishi Estate (together, the ?Mitsubishi Companies?) to invest in the Landmark Development (excluding The Peninsula Yangon) and that the Mitsubishi Companies will be involved in the planning, design and construction of the project. The Company had also on 28 January 2014 announced that it has entered into a conditional agreement with, inter alia, The Hongkong And Shanghai Hotels, Limited (?HSH?) in relation to the redevelopment of the former headquarters of the Burma Railway Company into ?The Peninsula Yangon? at the Landmark Development.
1.2 The Company is pleased to inform that the schematic design has been finalized and believes that the input from the Mitsubishi Companies and HSH with the international expertise and experience accumulated from their outstanding track records has been invaluable in the overall planning and design of the Landmark Development and will enhance the value of the Landmark Development. Based on the latest design, and a report from the quantity surveyor, RHLB (Myanmar) Ltd., the total development costs for the Landmark Development (excluding The Peninsula Yangon) is estimated to range from US$415 million to US$440 million. This estimated amount does not include the value of 100% of the land development rights for the Landmark Development which remains at US$101.6 million.
1.3 The Company had also announced on 28 January 2014 that its 24% investment in The Peninsula Yangon, is about US$30 million (equivalent to about S$38 million), taking into account the value of the leasehold interest pertaining to the proposed hotel development and current development cost estimates which are made on a number of assumptions.
1.4 To ensure the continuous development of the Landmark Development, the Company has been and will continue to be involved in discussions with the Mitsubishi Companies, HSH, the International Finance Corporation, and the Asian Development Bank.
1.5 The Company has been informed by Serge Pun & Associates (Myanmar) Limited, the vendor, that it remains confident that the master lease will be issued and that completion of the Proposed Acquisition will take place before the long-stop date of 30 June 2014.
1.6 The Company will continue to provide updates to shareholders on the Landmark Development as and when it considers appropriate.
BY THE ORDER OF THE BOARD
Andrew Rickards Chief Executive Officer 20 February 2014

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Atom99
Master

10-Mar-2014 20:15

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Atom99 ( Date: 21-Feb-2014 06:26) Posted:

Atom99 ( Date: 28-Jan-2014 21:02) Posted:

At last the Landmark Development is moving forward!
INTERESTED PERSON TRANSACTION ? PROPOSED HOTEL DEVELOPMENT IN RESPECT OF THE LANDMARK DEVELOPMENT
Reference is made to the announcements made by Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) on 19 November 2012, 18 December 2012, 8 February 2013, 15 March 2013, 18 April 2013, 16 June 2013, 1 October 2013 and 20 December 2013 (collectively, the ?Announcements?) and the Company?s circulars dated 8 February 2013 and 15 July 2013 (collectively, the ?Circulars?) in relation to the Company?s proposed acquisition of eighty per cent. (80%) interests in respect of the Landmark Development and the Proposed Rights Issue.
Unless otherwise defined, all terms used herein shall be as defined in the Announcements and the Circulars.
PROPOSED JOINT VENTURE
1. Further to the announcement on 18 April 2013, the Board of Directors (the ?Board?) is pleased to announce that the Company has entered into a definitive shareholders? agreement (the ?Shareholders? Agreement?) on 28 January 2014 with, amongst others, The Hongkong and Shanghai Hotels, Limited (?HSH?), Peninsula International Investment Holdings Limited (?PIIHL?), a wholly-owned subsidiary of HSH, and First Myanmar Investment Co., Ltd. (?FMI?) in relation to the redevelopment of the former headquarters of the Burma Railway Company into ?The Peninsula Yangon? (the ?Proposed Hotel Development?).
2. The Shareholders? Agreement is subject to a number of conditions precedent (the ?Conditions?) including but not limited to, the issue of a master lease on the Landmark Development, the completion of the Company?s acquisition of 80% interest in Meeyahtha International Hotel Limited, the execution of an unencumbered sublease agreement for the Proposed Hotel Development site and the execution of other transaction documents and certain prescribed agreements such as a cost agreement and the suite of residences agreements in relation to the proposed Peninsula-branded residences in the Landmark Development.
3. Upon the satisfaction of certain specified Conditions, parties will subscribe for shares in Peninsula Yangon Pte. Limited (?PYL?) such that HSH through PIIHL will hold 70%, YSH through YSIL will hold 24% and FMI will hold 6% in PYL. All the Conditions must be fulfilled by 31 March 2015 or such other date the parties may agree otherwise before funding for the Proposed Hotel Development would proceed.
4. Subject to the terms of the Shareholders? Agreement and other transaction documents, costs for the Proposed Hotel Development will be funded by the shareholders of PYL in the proportion of their respective shareholdings. YSH?s overall investment is about US$30 million (equivalent to about S$38 million), taking into account the value of the leasehold interest pertaining to the Proposed Hotel Development and current development cost estimates which are made on a number of assumptions.
SALIENT TERMS OF THE SHAREHOLDERS? AGREEMENT
5. It was agreed that for as long as FMI is a shareholder of PYL, it shall defer all shareholder and management decisions of FMI in the running of PYL and any of its subsidiaries to YSIL. The rights conferred upon YSIL and FMI shall be exercised on a joint basis and all obligations shall be assumed by both YSIL and FMI on a several basis.
6. Both YSIL and FMI have undertaken to manage the cost of executing and completing certain itemized works in relation to the Proposed Hotel Development. They have also guaranteed that the cost of executing and completing such works shall not exceed an agreed sum. The details of such an arrangement will be set out in a cost agreement to be agreed between the parties.
7. Both YSH and FMI have also undertaken that, prior to completion of the development of the Landmark Development, they shall not sell or transfer their interest in the Landmark Development excluding the Proposed Hotel Development and the Peninsula-branded residences (the ?Balance of the Landmark Development?) which would result in them not owning a majority interest in and/or losing voting and management control over the Balance of the Landmark Development.
8. It was agreed that no shareholder of PYL may sell, transfer, create options or encumbrance over or otherwise dispose of the legal or beneficial ownership of, or any interest in, any shares in PYL for a period of 5 years from the soft opening date of the Hotel, unless otherwise agreed in writing by all the other shareholders prior to any such disposition.
9. Both YSIL and FMI shall be deemed to have served a notice to sell their shares at the market value determined by an independent valuer where there is a change in control including but not limited to circumstances whereby the Pun family (comprising Serge Pun and/or any of his immediate family) ceases to hold at least 25% of YSH or FMI or the Pun family ceases to have the largest holding of beneficial interest in the issued share capital of YSH or FMI or the Pun family not having voting control on the board of YSH or FMI which would result in the Landmark Development, the Peninsula Yangon hotel project being adversely impacted.

INFORMATION ON HSH
INTERESTED PERSON TRANSACTION
11. Mr. Serge Pun is the Executive Chairman and a Controlling Shareholder of the Company, holding approximately 41.67% direct and deemed interests in the Company as at the date of this Announcement.
12. Mr. Serge Pun is also the Chairman of FMI and the controlling shareholder of FMI as at the date of this Announcement. FMI is considered an associate of Mr. Serge Pun and accordingly, an interested person of the Company for the purposes of Chapter 9 of the Listing Manual. The Shareholders? Agreement is therefore an interested person transaction under Chapter 9 of the Listing Manual.
13. Based on the latest audited consolidated financial statements of the Group as at 31 March 2013, the net tangible assets less non-controlling interest (the ?NTA?) of the Group is S$357.5 million. The Company?s proposed overall investment in the Proposed Hotel Development (based on current development estimates which are made on certain assumptions) represents 10.5% of the NTA of the Group and as such, pursuant to Rule 905 of the Listing Manual, the Company is required to make an immediate announcement on the Shareholders? Agreement.
STATEMENT BY THE AUDIT AND RISK MANAGEMENT COMMITTEE
14. The Audit and Risk Management Committee of the Company is of the view that the Shareholders? Agreement is on normal commercial terms and is not prejudicial to the interests of the Company and its minority shareholders.
VALUE OF INTERESTED PERSON TRANSACTIONS
15. The aggregate value of all interested person transactions for the 6-month period ended 31 December 2013 with Mr. Serge Pun and his associates is S$22.99 million and the aggregate value of all the interested person transactions for the financial year ended 31 March 2013 is S$113.8 million.
YOMA Strategic Holdings Ltd
Company Registration No. 196200185E 78 Shenton Way #32-00 Singapore 079120 Tel: (65) 6223 2262 Fax: (65) 6220 1990 Website: www.yomastrategic.com
10. HSH is listed on The Stock Exchange of Hong Kong. It is the holding company of a group which is engaged in the ownership, development and management of prestigious hotel, commercial and residential properties in key locations in Asia, the United States and Europe. The Board believes that the Proposed Hotel Development will further enhance the value of the Landmark Development.
The Board wishes to inform shareholders that the Company is in the process of determining the development cost for the Balance of the Landmark Development and it will make an announcement as and when it is appropriate.
ON BEHALF OF THE BOARD
Andrew Rickards
Chief Executive Officer 28 January 2014

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enjoylife77
Veteran

04-Mar-2014 00:19

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Be cautious with this hot-air stock. Don't be a fool to pay for the old fox retirement.

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Immortal
Master

03-Mar-2014 17:12

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Going lower....

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lglg666
Supreme

01-Mar-2014 17:06

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Very quiet....and trading in low volumn too. Will monitor price movements for now.

Immortal ( Date: 28-Feb-2014 14:30) Posted:

Potential reversal for Yoma?

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Immortal
Master

28-Feb-2014 14:30

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Potential reversal for Yoma?

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Immortal
Master

26-Feb-2014 17:34

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Any news...

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