Corporate digest
Add BT as a preferred sourceYoma Strategic
THE Myanmar-focused, mainboard-listed company on Wednesday proposed to increase its existing shareholding and take a controlling interest in mobile payments firm Digital Money Myanmar (Wave Money) via a US$76.5 million deal.
Yoma intends to first restructure the holding of its interest in Wave Money by forming a new investment holding company in Singapore named Yoma MFS Holdings (YMFS), which will then fork out US$76.5 million in cash to acquire Norwegian telecommunications giant Telenor's 51 per cent stake in Wave Money.
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