BRIEF-Yoma Strategic Holdings Says Entered A Placement Agreement With Ayala Corporation

Nov 14 (Reuters) - Yoma Strategic Holdings Ltd:

* YOMA STRATEGIC & FIRST MYANMAR INVESTMENT FORGE LANDMARK PARTNERSHIP WITH PHILIPPINES' LEADING CONGLOMERATE AYALA CORPORATION

* AYALA CORP WILL BE INVESTING UP TO US$237.5 MILLION FOR A 20% STAKE IN EACH OF YOMA STRATEGIC AND FMI

* AYALA'S INVESTMENT OF US$237.5 MILLION FOR MAXIMUM 20% STAKE IN YOMA GROUP TO MAKE THEM 2ND LARGEST SHAREHOLDER IN BOTH COS

* ISSUE PRICE FOR SHARES OF TWO YOMA GROUP COS SET AT S$0.45 PER SHARE FOR YOMA STRATEGIC AND MMK15,000 PER SHARE FOR FMI

* WILL ISSUE UP TO 474.68 MILLION PRIMARY SHARES TO AYALA FOR A TOTAL CONSIDERATION OF UP TO US$155 MILLION

* UNDER DEAL WITH AYALA, AN INITIAL 332.50 MILLION SHARES OF CO WILL BE ISSUED BY END OF NOV 2019

* YOMA STRATEGIC TO ALSO SEEK SHAREHOLDERS' APPROVAL FOR 142.18 MILLION SHARES AT A SHAREHOLDERS' MEETING

* AYALA WILL ALSO PROVIDE A US$82.5 MILLION CONVERTIBLE LOAN TO FIRST MYANMAR INVESTMENT PUBLIC CO. LTD Source text for Eikon: Further company coverage: