HANOI -- Singapore Stock Exchange-listed Yoma Strategic Holdings has agreed to buy an additional 10% in Digital Money Myanmar (Wave Money) from Yangon-listed First Myanmar Investment for $6 million.
The transaction involves 100,000 ordinary shares and 3.5 million redeemable preference shares, YSH said in a statement. The consideration of $6 million was based on a total equity value of Wave Money at $59.92 million. The transaction value will not exceed $10 million in case a third-party investor acquires an interest in Wave Money at a higher valuation within 12 months, it added.
