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Yoma 1-for-3 rights issue to fund more acquisitions

Increase of land bank among moves to boost diverse Myanmar portfolio
Thursday, September 4, 2014 - 06:00
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Work in progress: Yoma Strategic has started the redevelopment of the former Burma Railway Headquarters into Yangon's leading luxury hotel

YOMA Strategic Holdings, which has a diverse Myanmar portfolio, has announced additional acquisitions which it will fund through a proposed one-for-three rights issue of up to 430.7 million shares at S$0.38 per unit.

The issue price of S$0.38 represents a discount of 46.5 per cent to