In a statement, Yoma says Pun has been meeting and cooperating with the relevant authorities in Nay Pyi Taw — including the Central Bank of Myanmar — on matters relating to banking business.
“As a responsible business organisation in Myanmar, the group engages with the relevant government ministries and regulators from time to time to conduct its activities,” it says in a filing.
The company also clarifies that its businesses and operations are not affected by Kasikornbank’s alleged “tentative” actions to terminate banking services as these actions reference the Myanmar banking sector in which the group is not involved.
Shares in Yoma traded 0.6 cents lower or 4% down on July 9 at 14.4 cents.
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