The proposed investment in Myanmar-based fintech firm Wave Money by Chinese financial services giant Ant Group is far from materialising due to the political situation in the country.
SGX-listed Yoma Strategic Holdings (YSH), one of the joint venture partners in Wave Money, said on Monday that the long stop date for the Ant Group deal has not been extended from April 30, 2021. A long stop date is the date within which the transaction has to be completed.
