Yoma, a conglomerate whose main business is in Myanmar, suffered a selldown following the military coup earlier this year. From around 30 cents before the coup on Jan 30, it had dropped to a low of 12 cents or so in September.
Kopernik Global Investors, a Florida-based investment adviser, is now a substantial shareholder of Yoma Strategic Holdings.
According to an Oct 1 filing, Kopernik acquired 850,000 shares for 12.7 cents or some $107,950 in total. The purchase brings Kopernik’s interest in Yoma from just over 111.3 million shares or 4.98% to nearly 112.2 million shares or 5.01%.
