The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Fiona Lam

Fiona Lam

Published Mon, Apr 22, 2019 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

Singaporeans can now buy record amount of yen per Singdollar

Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

Keppel DC Singapore 7 and 8 (above). Portfolio occupancy of the Reit stands at 95.6%, with a reversion of about 51%.

Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More