It was recently revealed that the consideration for SHC’s acquisition of a target company, through the issuance of new consolidated SHC shares, would be reduced to about $69.7 million from $70.7 million previously.
SINGAPORE (Aug 21): OCBC Investment Research is maintaining its “hold” call on Yoma Strategic Holdings with an unchanged fair value estimate of 58 cents, following news of a slight adjustment to Yoma’s shareholdings in SHC Capital Asia post its proposed reverse takeover (RTO) deal.
To recap, the Myanmar-focused conglomerate is looking to spin off its tourism-related businesses through a RTO of SHC, which was announced in Oct 2016.
