The sale has reduced Eaton’s stake in Yoma to 111.2 million shares or 4.97%, lower than the 5% stake threshold.
This is the second sale made by Eaton Vance, who sold some 4.8 million shares at around 18.9 cents on Feb 8, which cut its stake to 129.9 million or 5.8% at the time.
The moves come after Myanmar’s leader Aung San Suu Kyi and other top leaders were detained by the military in an apparent coup on Feb 1.
See: Standard Life Aberdeen raises stake in Yoma fortnight after coup
See also: Thailand to offer US more trade concessions to avert 36% tariff
As at 1.11pm, shares in Yoma are trading flat at 18.5 cents. Prior to the coup, shares in the group were trading at 27.5 cents.
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