Yoma

Yoma: says the issue price for each Rights Share has been fixed at $0.38 per rights share, ~46% discount to yday’s closing price. Recall the co previously highlighted it would conduct a 1-for-4 rights issue. It expects to raise ~$109.4m from this issue, mainly to fund the acquisition of the land devt rights, over which it intends to build an iconic luxury integrated devt. Based on 1HFYMar13 numbers, NTA will rise to 30.7cts from 23.7 cts; EPS will rise from -0.26cts to -0.23cts. The corporate action is subject to approval by shareholders and SGX. The Offer Information Statement will be issued in due course.