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Yoma Strategic shares surge on Ayala investment despite Q2 loss

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Vivienne Tay

Vivienne Tay

Published Thu, Nov 14, 2019 · 09:50 PM

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Yoma Strategic
Shares surge

Singapore

SHARES of Yoma Strategic soared on Thursday's market open on news that Philippine conglomerate Ayala would be coming on board as its second-largest shareholder after taking a maximum 20 per cent stake in the company for US$155 million.

This was despite the Myanmar-focused company sinking into the red for the second quarter.

Yoma StrategicHot Stockprivate placement

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