YOMA (Z59) - Bright Myanmar Future

Milo-Dino

Milo-Dino

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Milo-Dino said:
bought at 81.5c... cut loss at 80c... :(
didn't sell last friday.. now regret :(

Anyway.. looks like got hidden supporter in yoma buying at 79.5c and 80c these 2 days...
Click to expand...
jin satki.... hidden supporter push it up today liao
 
G

Garlic & Butter

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diversifying very fast and furious..
but the share price doesnt seem to factor in all that.
in fact, i think its more risker than previously when it was a nearly pure property play (and tt bit of agriculture)
 
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gvronald

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Just came in from SGX website.


1) ESTABLISHMENT OF NEW SUBSIDIARY IN THE AUTOMOBILE DIVISION
The Board of Directors of Yoma Strategic Holdings Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) wishes to update shareholders that its 70% owned subsidiary, Myanmar Motors Pte. Ltd. (?Myanmar Motors?) has incorporated a new wholly-owned subsidiary in relation to its vehicle operating lease and rental business. The remaining 30% of Myanmar Motors is held by First Myanmar Investment Co., Ltd.
Details are as follows:-
Name of company: Vehicle Lease Management Ltd.
Place of incorporation: Republic of the Union of Myanmar
Issued and paid-up share capital: US$50,000 comprising 50,000 ordinary shares Principal activities: Managing vehicle leasing and rental business

2) ESTABLISHMENT OF NEW SUBSIDIARY IN THE LUXURY TOURISM DIVISON
The Board of Directors of Yoma Strategic Holdings Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) wishes to update shareholders that its 70% owned subsidiary, Chindwin Holdings Pte. Ltd. (?Chindwin Singapore?) has, through its wholly-owned subsidiary, Chindwin Investment Ltd. (?Chindwin Myanmar?), incorporated a new subsidiary in relation to its luxury tourism business. The remaining 30% of Chindwin Singapore is held by First Myanmar Investment Co., Ltd.
Details are as follows:-
Name of company: Chindwin Bagan Co., Ltd.
Place of incorporation: Republic of the Union of Myanmar
Issued and paid-up share capital: 50,000,000 Kyats comprising 50,000 ordinary shares of 1,000 kyats each whereby 37,500 ordinary shares are held by Chindwin Myanmar and 12,500 ordinary shares are held by Khin Omar Win (an unrelated party)
Principal activities: General activities including construction and hotel related businesses
 
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Vincent_G

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All shares related to Myanmar is blocked under US regulatory or something last time.
 
G

gvronald

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JOINT VENTURE AGREEMENT WITH MITSUBISHI CORPORATION AND FIRST MYANMAR INVESTMENT CO., LTD*

The Board of Directors of Yoma Strategic Holdings Ltd. (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that the Company has entered into a joint venture agreement with Mitsubishi Corporation (&ldquo MC&rdquo ) and First Myanmar Investment Co., Ltd (&ldquo FMI&rdquo ) for the purposes of establishing a joint-venture company to provide, inter alia, the technical services and solutions, installation, testing and commissioning and import and supply of elevators, escalators and related products in the Republic of the Union of Myanmar.*

The parties have established the joint venture company, MC Elevator (Myanmar) Ltd (&ldquo MC Elevator&rdquo ) in Myanmar. The initial issued and paid-up capital of MC Elevator will be US$1.5 million comprising 1.5 million ordinary shares of US$1.00 each. The Company, through its wholly-owned subsidiary, Yoma Strategic Investments Ltd., has subscribed for 20% of the issued share capital of MC Elevator for an initial cash consideration of US$5,000. MC will hold 60% and FMI will hold 20% of the issued share capital of MC Elevator. The shareholders will subscribe for their respective pro rata portion of the balance amount of the issued and paid-up capital upon the satisfaction of certain conditions precedent.*
 
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