Back

Latest Forum Topics / Yoma Strategic    Last:0.078    -0.003

Post Reply

YOMA Post Reply Rate topic
Kyoto2008 Elite	05-Aug-2014 01:05        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
LEVIVA Member	05-Aug-2014 00:16        LEVIVA About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
stockie999 Member	30-Jul-2014 22:40        stockie999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	rebound back in 1-2 days :D
Useful To Me  Not Useful To Me
Immortal Master	30-Jul-2014 22:23        Immortal About Contact  Quote this Post!
x 0   x 0  Alert Admin	What price is a good  buy....
Useful To Me  Not Useful To Me
tormater Senior	30-Jul-2014 20:14        tormater About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	30-Jul-2014 14:00        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BTW, it' s not just Yoma.  I cleared all stock exposures.  Have a bad feeling.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	30-Jul-2014 13:58        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
JLjoyjoy Veteran	30-Jul-2014 13:50        JLjoyjoy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good time go in now? 0.695!?!
Useful To Me  Not Useful To Me
Kyoto2008 Elite	28-Jul-2014 23:09        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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: 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.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	28-Jul-2014 23:06        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	28-Jul-2014 22:50        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
Useful To Me  Not Useful To Me
Kyoto2008 Elite	28-Jul-2014 22:42        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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: TP: 90c   Chiongggg ahhhhh
Useful To Me  Not Useful To Me
stockie999 Member	28-Jul-2014 21:06        stockie999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TP: 90c   Chiongggg ahhhhh
Useful To Me  Not Useful To Me
Kyoto2008 Elite	25-Jul-2014 12:18        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My goodness, that' s really good news.  I' m vested. Just waiting for a rally. LEVIVA      ( Date: 25-Jul-2014 09:38) Posted: 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
Useful To Me  Not Useful To Me
ytoh1688 Veteran	25-Jul-2014 11:07        ytoh1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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: 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: 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
Useful To Me  Not Useful To Me
LEVIVA Member	25-Jul-2014 09:38        LEVIVA About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
Useful To Me  Not Useful To Me
Banker_DB Member	18-Jul-2014 01:06        Banker_DB About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	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
Useful To Me  Not Useful To Me
Atom99 Master	02-Jul-2014 22:40        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	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: 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 Atom99      ( Date: 26-Jun-2014 09:11) Posted: 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)...
Useful To Me  Not Useful To Me
Atom99 Master	28-Jun-2014 00:56        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	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 Atom99      ( Date: 26-Jun-2014 09:11) Posted: 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)... Atom99      ( Date: 24-Jun-2014 12:55) Posted: 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.
Useful To Me  Not Useful To Me
Banker_DB Member	27-Jun-2014 22:27        Banker_DB About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	9.8M shares (approx $6.9mil ) change hand by AAMAL(Arberdeen Assets Management Asia LLC)...who is this Phattrawadee Ngamnoolake..?
Useful To Me  Not Useful To Me

                                                         First   < Newer   5901-5920 of 6575   Older>   Last