SINGAPORE (June 25): Analysts are in favour of Yoma Strategic Holdings raising its effective stake in Digital Money Myanmar Limited (Wave Money).

The company announced on Wednesday that it will be acquiring Telenor Group’s 51% stake in Wave Money for US$76.5 million (S$106.4 million), and will raise funds from a consortium of investors led by Yoma Strategic.

See: Yoma Strategic to become largest controlling shareholder in Myanmar's Wave Money for total of $141.5 mil

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