In the past 2 weeks, Yoma lost altitude. Plane descending  from 52 cents level  to 37.5 cents now.

It's 2.45 pm. The stock is down 11%. As they say, easy come, easy go. Take care, brother!

Interested party transaction (chairman selling stuff to the company), this one:

Yoma Strategic Holdings Ltd. (the “Company” and together with its subsidiaries, the “Group”) refers to the First Right of Refusal Deed (“FRRD”) entered into by Yoma Strategic Investments Ltd. (“YSIL”), a wholly owned subsidiary of the Company, and Serge Pun & Associates (Myanmar) Limited (“SPA” and together with its subsidiaries, the “SPA Group”) dated 17 August 2006.

Under the terms of the FRRD, the Group has, inter alia, the right to purchase or acquire from the SPA Group, in whole or in part, at any time and from time to time, the land development rights (“LDRs”) in respect of an area known as Star City (“Star City”). Star City is located in Thanlyin Township, alongside the Pun Hlaing Links golf course, approximately 6 miles south-east of downtown Yangon, Myanmar. It is planned for Star City to comprise more than 9,000 units of apartments and houses, shopping and commercial areas.

The total development area will be approximately 135 acres. Residential units at Star City will be targeted at the middle-class population in Myanmar. Properties along the perimeter of the estate will have views of the golf course, which is built on the outskirts of the landscape. It is also planned that there would be a professional estate management system, 24-hour security, water supply, cleaning services, and a substation to provide 24-hour electricity to all common areas.

The Board, having met today, is of the view that this is an appropriate time to pursue YSIL’s right under the FRRD to acquire the LDRs in relation to Star City.

Are you aware of any other possible explanation for the trading?

No, the Company is not aware of any other possible explanation for the trading. However, please note that due to the recent political and economic reforms in Myanmar, the Company has been receiving general queries from third parties regarding the Company's business activities/investments in Myanmar. Further, the Company wishes to state that it continuously reviews business proposals and looks for investment opportunities with a view to maximising value for all shareholders. If and when there are any material developments which warrant a disclosure, the Company will make further announcements on the SGX-ST as and when appropriate in accordance with the listing rules of the SGXST.