Yoma Strategic Holdings, a Singapore-listed company focusing on real estate, agriculture and car sales in Myanmar and China, has raised S$101.2 million ($82 million) from a placement of new shares.
The offering coincided with President Barack Obama’s half-day visit to Myanmar yesterday, taking advantage of the positive headlines and the boost in optimism about the country’s reform process that surrounded his trip.
Early yesterday, Yoma also announced that it had agreed to buy 80% of a...
Did You Know?
Myanmar has three main seasons, hot season (March to May), rainy season (June to October) and cold season (November to February).