Yoma raises S$82.2m in share placement
Exercise has received strong interest from existing and new investors and is "well oversubscribed", says firm
Singapore
YOMA Strategic Holdings, which brought the first KFC outlet to Myanmar, said on Sunday it has raised about S$82.2 million through a placement.
Under the placement exercise, the company will be issuing 155 million new ordinary shares at S$0.53 per placement share, which represents a discount of approximately 9.4 per cent to the volume-weighted average price of S$0.5852 for each ordinary share for trades done on Nov 2 and Nov 3, before trading in the shares were halted.
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