Brief: Yoma Strategic Says Digital Money Myanmar & Ant Financial Sign A Strategic Partnership

Yoma Strategic Holdings

18/05/2020 24:20

May 18 (Reuters) - Yoma Strategic Holdings Ltd  YOMA.SI :
    * DIGITAL MONEY MYANMAR & ANT FINANCIAL SERVICES GROUP
ANNOUNCE A
STRATEGIC PARTNERSHIP
    * AS PART OF PARTNERSHIP, ANT GROUP PLANS TO INVEST US$73.5
MILLION IN WAVE MONEY
    * PARTNERSHIP TO PROMOTE FINANCIAL INCLUSION FOR UNBANKED
AND
UNDERBANKED COMMUNITIES IN MYANMAR
    * YOMA STRATEGIC WILL HOLD 29.5% & YOMA BANK TO HOLD 3.4% IN
WAVE
MONEY AFTER COMPLETION OF TRANSACTION
    * ANT GROUP STAKE IN WAVE MONEY WILL COME BY WAY OF A NEW
SHARE
ISSUANCE, SUBJECT TO CERTAIN CONDITIONS

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Further company coverage:  YOMA.SI 

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