Tokyo Century eyes 20% stake in Yoma Strategic's unit for S$26.6m

Singapore

MAINBOARD-LISTED Yoma Strategic Holdings said on Monday that Japanese leasing company Tokyo Century Corporation will acquire a 20 per cent stake in its subsidiary Yoma Fleet for S$26.6 million.

Upon satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic's stake in Yoma Fleet will be pared to 80 per cent.