Latest Forum Topics /
Yoma Strategic
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Victorious Spirit Self Talk
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Atom99
Master |
02-Jul-2014 22:40
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YOMA STRATEGIC HOLDINGS COMPLETION OF PLACEMENT OF 135,000,000 PLACEMENT SHARES The Board of Directors (the " Directors" ) of Yoma Strategic Holdings Ltd. (the " Company" ) refers to the announcements of the proposed placement exercise released on 26 June 2014 and 1 July 2014 (" Placement Announcements" ). All capitalised terms used and not defined herein shall have the same meanings ascribed to them in the Placement Announcements. Further to the Placement Announcements, the Directors are pleased to announce that the Company has on 2 July 2014 allotted and issued 135,000,000 Placement Shares to subscribers procured by the Joint Bookrunners. The Placement Shares shall rank pari passu in all respects with the existing ordinary shares of the Company. Following the allotment and issuance of the above mentioned 135,000,000 Placement Shares, the total number of issued shares of the Company has increased to 1,292,118,215 Shares. The Placement Shares are expected to be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m. on 3 July 2014. ON BEHALF OF THE BOARD Andrew Rickards Chief Executive Officer 2 July 2014
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Atom99
Master |
28-Jun-2014 00:56
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Aberdeen Asset Management PLC...
Part III - Substantial Shareholder(s)/Unitholder(s) Details [To be used for multiple Substantial Shareholders/Unitholders to give notice] Substantial Shareholder/Unitholder A 1. Name of Substantial Shareholder/Unitholder: Aberdeen Asset Management PLC 2. Is Substantial Shareholder/Unitholder a fund manager or a person whose interest in the securities of the Listed Issuer are held solely through fund manager(s)? ✔ Yes No 3. Notification in respect of: Becoming a Substantial Shareholder/Unitholder ✔ Change in the percentage level of interest while still remaining a Substantial Shareholder/Unitholder Ceasing to be a Substantial Shareholder/Unitholder 4. Date of acquisition of or change in interest:26 JUN2014 5. Date on which Substantial Shareholder/Unitholder became aware of the acquisition of, or the change in, interest (if different from item 4 above, please specify the date):26 JUN2014. 6. Explanation (if the date of becoming aware is different from the date of acquisition of, or the change in, interest): 7. Quantum of total voting shares/units (including voting shares/units underlying rights/options/ warrants/convertible debentures {conversion price known}) held by Substantial Shareholder/ Unitholder before and after the transaction: Immediately before the transaction Direct Interest Deemed Interest Total No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures: 77,423,000 77,423,000 As a percentage of total no. of voting shares/ units: 6.691 Immediately after the transaction Direct Interest Deemed Interest Total No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures : 87,303,000 87,303,000 As a percentage of total no. of voting shares/ units: 7.5448
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Atom99
Master |
26-Jun-2014 09:11
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YOMA ANNOUNCEMENT
PROPOSED PLACEMENT PURSUANT TO EXISTING MANDATE 1. PROPOSED PLACEMENT PURSUANT TO EXISTING MANDATE 1.1 The Board of Directors (the ?Board?) of Yoma Strategic Holdings Ltd. (the ?Company?) and together with its subsidiaries, the ?Group?) wishes to announce that the Company has undertaken a placement exercise (the ?Placement?) subject to, inter alia, the approval-in- principle being granted by the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) for the listing and quotation of the Placement Shares (as defined below) on the SGX-ST. 1.2 At the Company?s annual general meeting held on 30 July 2013 (?AGM?), shareholders? approval for the issuance of shares and convertible securities was obtained pursuant to Rule 806 of the Listing Manual (the ?Existing Mandate?). Under the Existing Mandate, Directors may issue up to fifty per cent. (50%) of the total number of issued shares (excluding treasury shares) in the capital of the Company (as calculated in accordance with sub-paragraph (2) below) (the ?Issued Shares?), provided that the aggregate number of shares to be issued other than on a pro-rata basis to shareholders of the Company does not exceed twenty per cent. (20%) of the total number of Issued Shares. 1.3 As at the date of this Announcement, the Company has not yet utilised any part of the Existing Mandate. Accordingly, the Company intends to issue the Placement Shares (as defined) PLACEMENT UNDER EXISTING MANDATE 2.1 Maximum Number of Placement Shares Based on 1,157,118,215 Issued Shares (excluding treasury shares) at the date of the AGM, up to 231,423,643 new ordinary shares in the capital of the Company may be issued by way of a private placement. As at the date of this announcement, the Company does not have any treasury shares. 2.2 The Company is proposing to raise capital by issuing 135,000,000 new ordinary shares in the capital of the Company (the ?Placement Shares?) in reliance on the Existing Mandate by way of placement (i) to institutional investors, accredited investors and certain other persons in Singapore pursuant to Sections 274 and 275 of the Securities and Futures Act (Cap. 289) of Singapore (the ?SFA?) and/or private placement in Singapore pursuant to Section 272B of the SFA (ii) within the United States to investors who are qualified institutional buyers (as such term is defined in Rule 144A under the United States Securities Act of 1933, as amended (the ?Securities Act?) pursuant to Section 4(a)(2) under the Securities Act or another available exemption from the registration requirements of the Securities Act and/or (iii) in offshore transactions as defined in and in reliance on Regulation S under the Securities Act. As such, no prospectus or offer information statement will be lodged by the Company with the Monetary Authority of Singapore in connection with the Private Placement. The Placement Shares have not been and will not be registered under the Securities Act or the securities laws of any state or jurisdiction of the United States and may not be offered or sold within the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Company and the Joint Bookrunners (as hereinafter defined) reserve absolute discretion (subject to applicable laws and any regulations) in determining which investors will be allowed to participate in the Placement. 2.3 The Placement Shares, if fully allotted and issued, represent approximately 10.45% of the enlarged issued and paid-up share capital (excluding treasury shares) of the Company after the completion of the Placement. Placement Price 2.4 The Placement Shares are priced at S$0.70 per Placement Share (?Placement Price?) which represents a discount of approximately 8.40% to the volume weighted average market price of S$0.7642 for each ordinary share in the capital of the Company (the ?Share?) for trades done on the Shares on the main board of the SGX-ST on 25 June 2014, being the full market day on which the Shares were traded preceding the date of signing of the Placement Agreement (as hereinafter defined)...
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Atom99
Master |
24-Jun-2014 12:55
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Yoma announcement
RECEIPT OF NOTICE TO ACQUIRE LAND DEVELOPMENT RIGHTS PURSUANT TO THE FIRST RIGHT OF REFUSAL DEED The Board of Directors (the ?Board?) of Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) is pleased to inform that the Group has received a written notice (the ?Notice?) from Serge Pun & Associates (Myanmar) Limited (?SPA?) offering the Group the right to acquire the economic benefit of 70% of the land in Pun Hlaing Golf Estate (?PHGE?) amounting to an aggregate area of approximately 250 acres (approximately 10.8 million square feet) of which approximately 9.6 million square feet comprises the golf course and country club and approximately 1.2 million square feet comprises land development rights (collectively, the ?PHGE Golf and Land?) alongside some related businesses, infrastructure and facilities1. The Notice was provided pursuant to the First Right of Refusal Deed (?FRRD?) entered into between SPA and Yoma Strategic Investments Ltd. (?YSIL?), a wholly owned subsidiary of the Company, dated 17 August 2006. PHGE is an integrated development project with residential units, a Gary Player-designed 18-hole championship golf course, a clubhouse, a sports complex and other facilities. PHGE is built on a 652- acre peninsula between the Hlaing River and the Pan Hlaing River in Hlaing Tharyar Township, approximately 8 miles from downtown Yangon. PHGE offers a full range of independent utilities, infrastructure and estate management services which differentiates it from other competing developments in Myanmar. In 2006, the economic interest of 70% of the land development rights in approximately 173.57 acres (approximately 7.7 million square feet) of the residential portion of PHGE was acquired by the Company2. As at 31 March 2014, approximately 4.6 million square feet of the said acreage of the residential portion of PHGE continues to be held by the Group. Pursuant to the FRRD, YSIL shall have 30 days from receipt of the Notice to indicate an affirmative interest in the offer, following which YSIL shall have a further 30 days from the date of such indicative interest to confirm its acceptance of the offer. Based on the Company?s preliminary investigations, it estimates the land value of 100% of the PHGE Golf and Land and the related businesses, infrastructure and facilities to be approximately US$100 million. If the Company were to accept the offer, it would likely acquire the economic benefit of 70% of the PHGE Golf and Land and the related businesses and facilities.
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Atom99
Master |
16-Jun-2014 07:34
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YOMA' s Important announcement regarding Yangon Landmark Development. http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/company_announcements/!ut/p/a1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNHB1NPAycDSwNLNwtDDxdw8J8Xdw8DC2cDYAKIoEKDHAARwNC-sP1o1CV-Icamht4hjoFmjiFhRp6O5pgKAgzACnwdwoODgszDHQ1hirA44aC3AiDTE9HRQCIGmn3/dl5/d5/L2dBISEvZ0FBIS9nQSEh/
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Atom99
Master |
28-May-2014 22:40
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IMO,   any up side would depends on: 1) YANGON LANDMARK PROJECT approval by Ministry of Railway and MIC. Long stop date 30th June 14. 2) Condominum Law bill. If approved by Myanmar parliament, with regard   to foreigners owning condo,   it a would surely boost the revenue of YOMA property sector.(Currently,   foreigners are not allowed to own condo).
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Atom99
Master |
25-May-2014 11:30
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Interview with YOMA SH CEO BY INVESTOR CENTRAL http://video.xin.msn.com/watch/video/yoma-strategic-holdings-how-much-debt-will-yoma-raise/pfjvyq47
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Atom99
Master |
21-May-2014 07:33
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YOMA's FY ENDED MAR 2014.
Yoma Strategic records S$100 million revenue milestone FY2014 revenue increased over 66% year-on-year to S$100.5 million FY2014 net profit up 67.8% to S$23.9 million and FY2014 net profit attributable to shareholders rose 13.5% year-on-year to S$16.4 million Strong revenue growth driven by Real Estate Division contributing 91% of the Group?s turnover in FY2014
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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.
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Atom99
Master |
27-Mar-2014 09:36
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What news?Already up 3 cents !now.
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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  
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Atom99
Master |
20-Mar-2014 13:28
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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 businesses
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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.
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Atom99
Master |
10-Mar-2014 20:15
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Atom99
Master |
21-Feb-2014 06:26
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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 |
28-Jan-2014 21:02
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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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Atom99
Master |
28-Jan-2014 14:57
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UPDATE ON AUTOMOTIVE BUSINESS AND ESTABLISHMENT OF NEW SUBSIDIARIES
The Board of Directors of Yoma Strategic Holdings Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) wishes to update shareholders that it has, through its 70% owned subsidiary, Myanmar Motors Pte. Ltd. (?Myanmar Motors?), entered into the vehicle operating lease and rental business in Myanmar (the ?Operating Lease Business?). The remaining 30% of Myanmar Motors is held by First Myanmar Investment Co., Ltd. For the purpose of this Operating Lease Business, Myanmar Motors has established a subsidiary in which it holds 100% rights and interests. Details are as follows:- Name of company: Yoma Fleet Limited Place of incorporation: Myanmar Issued and paid-up share capital: 50,000,000 Kyats comprising 50,000 ordinary shares Principal activities: Operating vehicle leasing and rental business The Operating Lease Business will serve corporations in providing commercial vehicles for their business use. Given that there are currently limited providers of vehicle operating lease and rental services in the Myanmar market, the Group can be one of the first entrants into this market with a view to building up a market leadership position. Further, the Operating Lease Business also provides synergies with the Group?s automotive business. The Group?s 70% pro rata investment in the Operating Lease Business will be funded using internal sources. This investment is not expected to have any material financial impact on the consolidated net tangible assets and the earnings per share of the Company for the current financial year ending 31 March 2014. ON BEHALF OF THE BOARD Andrew Rickards Chief Executive Officer 28 January 2014 |
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Atom99
Master |
27-Jan-2014 08:30
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Yoma Strategic Marks Entry into Myanmar's FMCG Sector by Acquiring a Stake in the ABC Group.
Another investment in food and beverage sector. Hold for long term. For more info. Go to SGX. |
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Atom99
Master |
16-Jan-2014 19:18
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YOMA 3Q14 result
Yoma Strategic Continues Growth Momentum - 3Q2014 Net Profit hits S$5.2M Net profit attributable to equity holders reaches S$5.2 million underpinned by a 132.5% year- on-year increase in revenue Real estate continues to be its strongest revenue growth driver recording a 124% year-on-year jump in revenue The Group's first investment in the luxury travel and tourism business, ?Balloons Over Bagan?, made its maiden contribution in 3Q2014 |
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Atom99
Master |
14-Jan-2014 10:11
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YOMA is conducting a Shareholder Trip to Yangon, Myanmar. 3D2N.
Register by 7 Feb. Date for the trip 21Mar - 23 Mar. For more info go to SGX website. |
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