- 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 the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2024-07-01
Previous report by Phillip:
2024-06-03 Yoma Strategic - Deleveraging & Growing.
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 Dividends & Corporate Actions,
Yoma Strategic News Articles
