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Yoma Strategic
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YOMA
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Entropy72
Master |
17-Aug-2024 13:31
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Likely involve both Yoma Bank and Yoma Strategic. One is upstream and one is downstream. Ultimately monies went to Yoma Strategic.
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Kurnia
Veteran |
17-Aug-2024 13:19
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It is also Yoma bank issue and Yoma bank is not a part of Yoma strategic ?
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Kurnia
Veteran |
17-Aug-2024 13:18
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The company latest balance sheet. U can go to the website and check it out.
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Entropy72
Master |
17-Aug-2024 12:52
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Logically price will come down. But depends how BB wants to distribute their existing shares to retail. Maybe one final pump before dump. And provided share is not suspended first.
Article did not specify how the sc*m centre proceeds went into Star City expansion. Maybe it is a loan to Yoma Strategic (in which case YS needs to cough back the loan), or it is through artificial sales of Star City units to entry that uses the illegal funds (in which case the units will be seized and force sold / refunded to recover the monies).
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Entropy72
Master |
17-Aug-2024 12:45
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What is your source of NTA per share ?$0.30 or more??
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Newcomer19707016
Veteran |
17-Aug-2024 11:50
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Then Monday share price will be up or down? Or shares going to suspense? Want to have a peaceful weekends also very difficult | ||||
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Kurnia
Veteran |
17-Aug-2024 11:46
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Monday will be a stressful day out of nowhere for many.
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Atom99
Master |
17-Aug-2024 11:40
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Likely, Yoma going to be queried by SGX on Monday.Yoma assets are in Myanmar?anything is possibles with the military junta.
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Newcomer19707016
Veteran |
17-Aug-2024 11:23
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If the assets and cash got confiscated and the military junta took over the company and delisted the company here. Based on Sgx rule and regulation, do they have the rights? | ||||
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Kurnia
Veteran |
17-Aug-2024 09:56
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Even if the business liquidate, it assets will be 30 cents or more.
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Kurnia
Veteran |
17-Aug-2024 09:31
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Ok. Have to admit anything can happen. But don' t think it would be that drastic this time.
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Ryuuenji
Elite |
17-Aug-2024 08:58
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If you are a season old trader, you should remember Malaysia CLOB saga in September 1998. Anything is possible with the said Government if they decided to impose unnecessary punishment on a company.
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Kurnia
Veteran |
17-Aug-2024 07:16
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not possible.
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Panda8
Veteran |
17-Aug-2024 06:54
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you meant the Junta may take over the company and become their privately owned company. All shares will be write off and delist from SGX? All share holder will get nothing back? Wow, that is risky......play with fire....
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Kurnia
Veteran |
17-Aug-2024 05:27
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Funny.
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Entropy72
Master |
17-Aug-2024 00:02
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Having interacted with Serge and Melvyn Pun in 2016, I was very impressed with the father and son. Serge, in particular, was known for not kowtowing to junta. He also shared patriotic aspirations for democratic Myanmar and had the bearing of a statesman.
So there is a possibility that he is framed by junta. But under the past 3 years trying circumstances in Myanmar, it is also hard to predict how it may affect a person?s values in order to survive.
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Entropy72
Master |
16-Aug-2024 23:34
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Quote from article:
?The 71-year-old tycoon faces two additional charges: misusing public funds and damaging the interest of the national government for allegedly using criminal proceeds from online sc*m centers to invest in the expansion of Star City, a massive real estate project in Yangon Region?s Thanlyin Township, sources told The Irrawaddy, adding that Chinese authorities asked the regime to investigate the source of funding for Star City?s expansion.? In case anyone is not aware, Star City is Yoma Strategic?s number 1 flagship real estate project. It?s further development may be severely hampered with above allegation, and Yoma Strategic revenue will be negatively impacted. |
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Entropy72
Master |
16-Aug-2024 23:30
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Atom99, amazing foresight from 2021 😮
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Entropy72
Master |
16-Aug-2024 23:14
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Recap
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Entropy72
Master |
16-Aug-2024 23:08
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The truth is out. Those who stubbornly denied the risks of Serge being charged and the associated impact to Yoma Strategic must wake up now. Enough misinformation (we all know by who ?) have been spread in this thread.
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