Yoma Strategic - Phillip Securities 2024-07-01: A New Substantial Shareholder

• Yoma Strategic (SGX:Z59) will enter into a share exchange agreement with Tokyo Century Asia (TCA). Yoma Strategic will acquire a 20% stake in Yoma Fleet for US$18.5mil from TCA. In exchange, Yoma Strategic will issue 137mil new shares (or 5.74% stake) to TCA at an issue price of S$0.135. TCA cannot dispose the shares without consent within 60 months after the transaction.
• - Read this at SGinvestors.io -
• We believe Yoma Strategic will have a new substantial shareholder available for deeper collaboration and access to funding. The share exchange will cause the March 2024 net tangible asset (NTA) per Yoma Strategic share to decline 7.4% to US$0.1311.
• - Read this at SGinvestors.io -

Key Highlights of the transaction

Share exchange agreement with Tokyo Century Asia (TCA).

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-12-18 Yoma Strategic - Property Sales Lead The Way.

Previous report by Phillip:
2025-05-28 Yoma Strategic - Sold US$400mn+ Residential Properties In Myanmar.

Price targets by other brokers at Yoma Strategic Target Prices.

Listing of research reports at Yoma Strategic Analyst Reports.

Relevant links:
Yoma Strategic Share Price History,
Yoma Strategic Announcements,
Yoma Strategic Dividend Payout Dates & Corporate Actions,
Yoma Strategic News