Yoma Strategic Holdings Ltd. (SGX:Z59) entered into a share exchange agreement to acquire remaining 20% stake in Yoma Fleet Limited from Tokyo Century Asia Pte Ltd. for SGD 15.9 million on June 27, 2024. Yoma Strategic will acquire 2 million ordinary shares representing 20% of the issued and paid-up share capital of Yoma Fleet. Currently, mainboard-listed Yoma Strategic owns 80% interest in Yoma Fleet, which will become a wholly owned subsidiary of Yoma Strategic after the proposed acquisition.

For the financial year ended March 31, 2024 Yoma Fleet's net profit was approximately SGD 0.3 million ($0.19 million).