Yoma raises S$82.2m in share placement

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.