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5901-5920 of 6575
Sounds good, lobang a lot, this co.
I now realise why there was a sell off on 30th Jul 2014, it' s not company specific but expectation whole mkt will drop. And mkt did drop.
Question is when to get back in.
Yoma got news!
________________________________________
INTERESTED PERSON TRANSACTION ? ESTABLISHMENT OF JOINT VENTURE COMPANY TO CARRY OUT COLD CHAIN RELATED BUSINESS
PROPOSED JOINT VENTURE
1. Further to the press release on 11 March 2014, the Board of Directors (the ?Board?) is pleased to announce that the Company, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd. (?YSIL?), has entered into a definitive joint venture agreement (the ?Joint Venture Agreement?) with Kokubu & Co., Ltd. (?Kokubu?) and First Myanmar Investment Co., Ltd. (?FMI?) to establish and operate a joint venture business in Myanmar that will initially focus on the distribution of agricultural and marine products, utilizing high- specification vehicles with refrigeration capacity which will enhance the quality, safety and value of agricultural and seafood products being transported to markets in Myanmar (the ?Business?).
2. The initial investment in the joint venture will be up to an aggregate amount of US$8,500,000 and contributed in 2 phases upon the satisfaction of certain conditions precedent for each phase including but not limited to, the issue of a lease agreement between Yoma Development Group Limited (a wholly-owned subsidiary of the Company) and the joint venture company allowing the use of the leased land to build a distribution centre with chill and refrigeration capacities in Yangon, the grant of the relevant licenses and permits for construction of the distribution centre and the issue of the relevant permit from the Myanmar Investment Commission. In the event that parties agree to construct a new distribution centre in Mandalay, parties agree to contribute an additional US$3,500,000 into the joint venture.
3. As part of completion of phase 1, a joint venture company had been incorporated, details of which are as follows:-
Name: KOSPA Ltd. (the ?Joint Venture Company?) Country of Incorporation: Myanmar
Shareholders: Kokubu (50%), YSIL (30%) and FMI (20%)
Initial Capital: US$100,000 comprising 100,000 ordinary shares of US$1 each
4. The long-stop date for completion of the investment in the joint venture is 27 February 2015.
SALIENT TERMS OF THE JOINT VENTURE AGREEMENT
5. Each of Kokubu and FMI acknowledges that they are aware of the Company and its group business venture with the Asia Beverages Co., Ltd. group of companies into the fast moving consumer goods sector in Myanmar (the ?ABC Business?). It was agreed that YSIL and FMI shall not enter into any business that competes with the Business.
6. All of the obligations and liabilities of YSIL and FMI in relation to and arising from the Joint Venture Agreement shall be several.
INFORMATION ON KOKUBU
7. Established in 1712, Kokubu is one of the largest companies in Japan engaging in the food distribution business. With over US$15 billion of sales annually, Kokubu is engaged in wholesaling (liquor products, processing foods, perishable foods, confection, related consumer goods and material), import/export, food manufacturing. Kokubu has about 600,000 product assortment and distributes to 35,000 outlets. In addition to Japan, Kokubu currently operate their logistics and wholesale businesses in China and Vietnam.
INTERESTED PERSON TRANSACTION
8. Mr. Serge Pun is the Executive Chairman and a Controlling Shareholder of the Company, holding approximately 37.32% direct and deemed interests in the Company as at the date of this Announcement.
9. 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 Joint Venture Agreement is therefore an interested person transaction under Chapter 9 of the Listing Manual.
10. Based on the latest audited consolidated financial statements of the Group as at 31 March 2014, the net tangible assets less non-controlling interest (the ?NTA?) of the Group is S$358.87 million. The Company?s proposed overall investment in the Joint Venture Company only represents approximately 1.00% of the NTA of the Group.
STATEMENT BY THE AUDIT AND RISK MANAGEMENT COMMITTEE
11. The Audit and Risk Management Committee of the Company is of the view that the risks and rewards of the Joint Venture Agreement are in proportion to the equity of each joint venture partner and the terms of the joint venture are not prejudicial to the interests of the Company and its minority shareholders.
VALUE OF INTERESTED PERSON TRANSACTIONS
12. The aggregate value of all interested person transactions for the 3-month period ended 30 June 2014 with Mr. Serge Pun and his associates is S$3.25 million.
________________________________________
INTERESTED PERSON TRANSACTION ? ESTABLISHMENT OF JOINT VENTURE COMPANY TO CARRY OUT COLD CHAIN RELATED BUSINESS
PROPOSED JOINT VENTURE
1. Further to the press release on 11 March 2014, the Board of Directors (the ?Board?) is pleased to announce that the Company, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd. (?YSIL?), has entered into a definitive joint venture agreement (the ?Joint Venture Agreement?) with Kokubu & Co., Ltd. (?Kokubu?) and First Myanmar Investment Co., Ltd. (?FMI?) to establish and operate a joint venture business in Myanmar that will initially focus on the distribution of agricultural and marine products, utilizing high- specification vehicles with refrigeration capacity which will enhance the quality, safety and value of agricultural and seafood products being transported to markets in Myanmar (the ?Business?).
2. The initial investment in the joint venture will be up to an aggregate amount of US$8,500,000 and contributed in 2 phases upon the satisfaction of certain conditions precedent for each phase including but not limited to, the issue of a lease agreement between Yoma Development Group Limited (a wholly-owned subsidiary of the Company) and the joint venture company allowing the use of the leased land to build a distribution centre with chill and refrigeration capacities in Yangon, the grant of the relevant licenses and permits for construction of the distribution centre and the issue of the relevant permit from the Myanmar Investment Commission. In the event that parties agree to construct a new distribution centre in Mandalay, parties agree to contribute an additional US$3,500,000 into the joint venture.
3. As part of completion of phase 1, a joint venture company had been incorporated, details of which are as follows:-
Name: KOSPA Ltd. (the ?Joint Venture Company?) Country of Incorporation: Myanmar
Shareholders: Kokubu (50%), YSIL (30%) and FMI (20%)
Initial Capital: US$100,000 comprising 100,000 ordinary shares of US$1 each
4. The long-stop date for completion of the investment in the joint venture is 27 February 2015.
SALIENT TERMS OF THE JOINT VENTURE AGREEMENT
5. Each of Kokubu and FMI acknowledges that they are aware of the Company and its group business venture with the Asia Beverages Co., Ltd. group of companies into the fast moving consumer goods sector in Myanmar (the ?ABC Business?). It was agreed that YSIL and FMI shall not enter into any business that competes with the Business.
6. All of the obligations and liabilities of YSIL and FMI in relation to and arising from the Joint Venture Agreement shall be several.
INFORMATION ON KOKUBU
7. Established in 1712, Kokubu is one of the largest companies in Japan engaging in the food distribution business. With over US$15 billion of sales annually, Kokubu is engaged in wholesaling (liquor products, processing foods, perishable foods, confection, related consumer goods and material), import/export, food manufacturing. Kokubu has about 600,000 product assortment and distributes to 35,000 outlets. In addition to Japan, Kokubu currently operate their logistics and wholesale businesses in China and Vietnam.
INTERESTED PERSON TRANSACTION
8. Mr. Serge Pun is the Executive Chairman and a Controlling Shareholder of the Company, holding approximately 37.32% direct and deemed interests in the Company as at the date of this Announcement.
9. 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 Joint Venture Agreement is therefore an interested person transaction under Chapter 9 of the Listing Manual.
10. Based on the latest audited consolidated financial statements of the Group as at 31 March 2014, the net tangible assets less non-controlling interest (the ?NTA?) of the Group is S$358.87 million. The Company?s proposed overall investment in the Joint Venture Company only represents approximately 1.00% of the NTA of the Group.
STATEMENT BY THE AUDIT AND RISK MANAGEMENT COMMITTEE
11. The Audit and Risk Management Committee of the Company is of the view that the risks and rewards of the Joint Venture Agreement are in proportion to the equity of each joint venture partner and the terms of the joint venture are not prejudicial to the interests of the Company and its minority shareholders.
VALUE OF INTERESTED PERSON TRANSACTIONS
12. The aggregate value of all interested person transactions for the 3-month period ended 30 June 2014 with Mr. Serge Pun and his associates is S$3.25 million.
rebound back in 1-2 days :D
What price is a good buy....
0.67 is 1 year low. Unless there is bad news brewing, it should not be staying at that level for too long. Just my 2 cents.
BTW, it' s not just Yoma. I cleared all stock exposures. Have a bad feeling.
Yoma crashed this morning, there was a big sell down when mkt opened.
I cleared off everything though it didn' t hit my stop loss as I didn' t understand why there was selling, but get out first then analyse later.
Price is now supported by buyers. I wanted to get back in, but decided not to, don' t feel good about this mkt.
It' s really your call. It' s a Myanmar play, a lot of property investment and long term should be good if it is well managed.
Good time go in now? 0.695!?!
Oh, and there is that illusive dragonfly doji as well, all these (5 dojis, hammers) happened within the past 7 trading days.
Kyoto2008 ( Date: 28-Jul-2014 23:06) Posted:
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Chartists would be watching the action, in a downswing that started in early June (following the sudden spike on 23rd May), with 5 dojis, two inverted hammers, signifying bullish reversal of the downtrend.
Let' s see how the price perform in this week.
The more I dig into the financials, the more I like about this co. It' s got great potential, which is why the fund house is buying into it. I think it' s a win win for the co, fund house, and us shareholders.
See the low debt.
See Balance sheet, virtually half of their assets are in land.
The hottest play in the region seems to be in Myanmar and this co. has a property play.
stockie999 ( Date: 28-Jul-2014 21:06) Posted:
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TP: 90c
Chiongggg ahhhhh
My goodness, that' s really good news. I' m vested. Just waiting for a rally.
LEVIVA ( Date: 25-Jul-2014 09:38) Posted:
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I saw Aberdeen bgt 3.4m of Yoma shares on 3/4 July
Is this in addition to their placement share?
Atom99 ( Date: 02-Jul-2014 22:40) Posted:
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YOMA got good news today leh!
Yoma Strategic starts FY2015 with 243% jump in net profit for 1Q2015
1Q2015 net profit attributable to shareholders rose 243.1% year-on-year
Revenue increases by 13.9%
Recorded a fair value gain of S$6.4 million from Star City Building A5
Japanese mobile carrier KDDI said Thursday that it planned to link up with trading house Sumitomo in deal to invest about $2.0 billion in developing wireless networks in Myanmar...slowly picked up 100lots at 0.70-0.705 for past few days
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
Atom99 ( Date: 28-Jun-2014 00:56) Posted:
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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
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
Atom99 ( Date: 26-Jun-2014 09:11) Posted:
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9.8M shares (approx $6.9mil ) change hand by AAMAL(Arberdeen Assets Management Asia LLC)...who is this Phattrawadee Ngamnoolake..?