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Yoma shares up on Myanmar airport deal

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Published Thu, Nov 20, 2014 · 09:50 PM

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Singapore

YOMA Strategic Holdings (Yoma) gained 2.5 cents to close at S$0.695 on Thursday after saying a subsidiary and its Japanese partners have signed a concession agreement with Myanmar's Department of Civil Aviation (DCA) to operate Mandalay International Airport for 30 years.

Yoma holds a stake of 9 per cent through wholly owned Yoma Development Group. The stake "increased from 5 per cent to 9 per cent upon further discussions between the parties", said Yoma.

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