Home Capital Broker's Calls

Yoma Strategic gains sharper focus with tourism business spin-off

Jude Chan
Jude Chan10/27/2016 12:54 PM GMT+08  • 2 min read
Yoma Strategic gains sharper focus with tourism business spin-off
SINGAPORE (Oct 27): OCBC Investment Research is keeping Yoma Strategic Holdings on “hold” with an unchanged target price of 54 cents following the conglomerate’s announcement that it will be spinning off its tourism-related businesses worth about $7
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 27): OCBC Investment Research is keeping Yoma Strategic Holdings on “hold” with an unchanged target price of 54 cents following the conglomerate’s announcement that it will be spinning off its tourism-related businesses worth about $70.7 million.

Yoma Strategic on Monday said it will list the tourism-related assets on the Singapore Exchange (SGX) via a reverse takeover of SHC Capital Asia.

Following the RTO, Catalist-listed SHC will transform into a Myanmar-focused tourism company which will be “uniquely positioned to acquire, develop and operate new tourism-related assets in Myanmar”, with its management team to be led by a new CEO, Michel Novatin.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now