Yoma

Yoma: On closer scrutiny, the rights deal will enable major shareholder Serge Pun (50.05% stake) to monetize his land development rights over Star City in return for $45m cash (net of his portion of subscription rights) while retaining his 50.05% stake in the enlarged Yoma, which includes the Star City injection. This gives Serge Pun plenty of “financial ammo” to ensure the success of the rights deal.