Yoma Strategic raises $82 mil in private placement to fund business

SINGAPORE (Nov 5): Yoma Strategic has successfully closed a placement exercise raising gross proceeds of $82.2 million.

Yoma says the placement received strong interest from existing and new investors and was well oversubscribed.

Melvyn Pun, Yoma Strategic's CEO, says, “We are gratified by the strong continual support shown by existing institutional shareholders, and the opportunity to add new quality shareholders to our group. The proceeds from the placement will be used to accelerate our growth in our core businesses of real estate, automotive & heavy equipment and consumer, capturing exciting market opportunities ahead.”

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