Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business deals Yoma shares surge on $238m capital tie-up with Ayala Philippine conglomerate emerges as major shareholder of Myanmar group The tie-up will boost Southeast Asian expansion plans for both groups.
KENTARO IWAMOTO, Nikkei staff writer November 14, 2019 14:25 JST | Myanmar, Cambodia, Laos
SINGAPORE -- Shares of Myanmar conglomerate
Yoma Strategic Holdings surged 14% on Thursday morning after announcing a capital tie-up with Philippine conglomerate Ayala Corp.
The move is designed to strengthen Yoma's core businesses in Myanmar's rapidly growing economy.
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