The sale has reduced Eaton’s stake in Yoma to 111.2 million shares or 4.97%, lower than the 5% stake threshold.
Boston-based investment management firm Eaton Vance has ceased to become a substantial shareholder at Yoma Strategic Holdings.
The firm sold 13 million shares for $2.42 million, pricing each share at around 18.6 cents, via market transaction on Feb 17.
