SG brief: Yoma Strategic and Telenor

Myanmar kyat notes. Photo by Dan Gold on UnsplashMyanmar kyat notes. Photo by Dan Gold on Unsplash

Yoma Strategic Holdings‘ proposed acquisition of Telenor Group’s 51 percent stake in Digital Money Myanmar, known as Wave Money, has been amended to extend the deal’s long-stop date to 14 September, the Myanmar-based company said in a filing to SGX Thursday.

Myanmar-based Yoma Strategic operates in the property development, food and beverage, financial services and agricultural equipment sectors.

Read more: Yoma to buy Telenor’s 51 percent Wave Money stake