Yoma Strategic was also the second-most traded counter on the SGX-ST as at 3.54pm, with 58.5 million shares changed hands.
** Acacia Research, which is backed by activist investor Starboard Value, has reached out to Kohl's Corp to express its interest in making a bid for the retailer, two sources familiar with the matter said. ** Special purpose acquisition company Pioneer Merger Corp and investing app Acorns Grow have mutually terminated their $2.2 billion merger agreement, according to a regulatory filing.
Norwegian telecom firm Telenor has agreed to sell its 51% stake in Myanmar's Wave Money, a digital payment service provider, for $53 million to a subsidiary of Yoma Strategic, the companies said in a joint statement on Monday. The subsidiary, Yoma MFS Holdings Pte Ltd, is to be funded by a consortium of investors led by Singapore-listed Yoma Strategic, the companies said. Yoma said the new deal took into account factors including the economic and business developments in Myanmar since the previous announcements and potential synergies for Wave Money to collaborate with the company's other businesses.