Yoma drops 21% amid heavy trading; company denies report that chairman in Myanmar junta custody
This is after the company made clarifications about charges against its executive chairman
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SHARES of Yoma Strategic fell as much as 21.5 per cent on Wednesday (Jul 10) morning, following the group’s clarification that no charges have been filed against its executive chairman Serge Pun.
The counter was down S$0.03 to S$0.113, with 30.9 million shares having changed hands as at 9.22 am. The last time it closed near this level was June.
By 11.08 am, Yoma was the most actively traded counter by volume. Its shares were trading down 14.6 per cent or S$0.021 at S$0.123. No married deals were recorded in early trade, ShareInvestor data showed.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
