Daily Morning Note – 6 March 2018
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BREAKING NEWS
The board of directors (the “Board”) of Yoma Strategic Holdings Ltd. (the “Company” together with its subsidiaries, the “Group) wishes to announce that the Company’s wholly-owned subsidiary, Yoma Strategic Investments Ltd. (“YSIL”), has on 5 March 2018 entered into a share purchase agreement (the “SPA”) with First Myanmar Investment Company Limited (“FMI”) to acquire 34% interest in Digital Wave Money Myanmar Co., Ltd. (“Wave Money”) comprising 340,000 ordinary shares and 10,310,500 redeemable preference shares (“Sale Shares”) on the terms and conditions of the SPA (the “Proposed Acquisition”).
CHIP ENG SENG CORPORATION LTD The Group seeks to diversify the business of the Group into the education sector, which comprises the construction, development, establishment, ownership, management and operations of educational programmes, products and services, including childcare centres, nurseries, pre-schools, kindergartens, primary, secondary, elementary, middle and high schools, Kindergarten to Grade 12 main schools, junior colleges, preuniversity courses, tertiary foundation programmes, universities, degree transfer programmes, enrichment centres and programmes, vocational courses, preparatory courses, higher-level learning programmes, certification programmes and corporate training and other training and skills upgrading courses, relating in each case to academics, music, the arts, religion and sports, and the licensing and franchising, as licensee, franchisee, licensor or franchisor, of intellectual property with respect to trade marks, pedagogy and curricula for the provision of such educational programmes, products and services.
KEONG HONG HOLDINGS LIMITED Setting up of a joint venture company. he Board of Directors (the “Board”) of Keong Hong Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that KH Capital Pte. Ltd. (“KH”), a wholly-owned subsidiary of the Company, has today set up a joint venture company, FSKH Development Pte. Ltd. (the “JVC”).
Y Ventures Group Ltd established a new subsidiary in Singapore, Luminore 8 Pte. Ltd., to develop a world-class E-commerce buying platform that will focus on cross-border purchases on behalf of consumers across Asia. MOU for collaboration signed with SingPost to develop platform as well as logistics related technology to enhance efficiency across the vertical logistics chain and to accelerate global expansion of both parties.
Source: SGX Masnet, Phillip Securities Research
Clients of Phillip Securities can keep updated with Country Strategy and Singapore Sector Reports by logging into: www.poems.com.sg > STOCKS > Research
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