Yoma: CLSA reiterates Buy with TP of $0.79
- Agreement to rope in Mitsubishi Corp/Mitsubishi Estate, IFC, and ADB as equity stakeholders in Landmark Development
- New partners - strong brand names - provide yet another vote of confidence in the project
- Agreement will see Yoma's stake be reduced to 48% (prior: 80%)
- Also removes any equity raising overhang needed for construction costs
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