Asset Acquisitions and Disposals::Proposed Acquisition of Controlling Interest in Digital Money Myanmar Limited

Issuer & Securities

Issuer/ Manager
YOMA STRATEGIC HOLDINGS LTD.
Securities
YOMA STRATEGIC HOLDINGS LTD - SG1T74931364 - Z59
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
31-Mar-2021 21:41:43
Status
New
Announcement Sub Title
Proposed Acquisition of Controlling Interest in Digital Money Myanmar Limited
Announcement Reference
SG210331OTHR59RV
Submitted By (Co./ Ind. Name)
Melvyn Pun
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Where capitalized terms are used in this announcement and not otherwise defined, such capitalized terms shall bear the same meanings as ascribed to them in the announcements dated 24 June 2020, 13 November 2020 and 28 January 2021 (together, the "Announcements"), relating to the proposed acquisition of controlling interest from Telenor Group in Digital Money Myanmar Limited (the "Proposed Acquisition").

The board of directors (the "Board") of Yoma Strategic Holdings Ltd. (the "Company" together with its subsidiaries, the "Group") wishes to inform shareholders that parties have extended the long stop date to complete the Proposed Acquisition to 30 April 2021. All other terms in the Proposed Acquisition remain unchanged.

The Company will make further announcements as and when appropriate when the transactions contemplated in this Announcement have been completed.