, even with recent investment plans by Philippine conglomerate Ayala Corp, the board disclosed on Sunday evening. This is part of the chairman's undertakings for the placement of new shares to Ayala - an issuance for which Yoma Strategic gained in-principle approval from the Singapore bourse on Nov 22. Yoma Strategic shares closed flat at S$0.375 on Friday before the latest announcement.: The Catalist-listed developer's plans to raise some S$5.
That is because"the placee has communicated to the company that more time is required to complete the proposed placement", the board said, adding that Kingpin Investment has given an undertaking to complete the placement by the new deadline. Hatten shares last closed down 0.2 Singapore cent or 2.17 per cent to S$0.09 on Friday before the announcement., in an opinion released on Friday night.
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