YONGTAI

0.115

-0.005 (-4.2%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YONG TAI BERHAD ("YTB" OR THE "COMPANY") PROPOSED DISPOSAL OF A FIVE-STAR HOTEL KNOWN AS COURTYARD BY MARRIOTT MELAKA BY APPLE 99 DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF YTB, TO SOUTHERN ENVOY SDN BHD FOR A CASH CONSIDERATION OF RM160,000,000 ("PROPOSED DISPOSAL")

YONG TAI BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
YONG TAI BERHAD ("YTB" OR THE "COMPANY")

PROPOSED DISPOSAL OF A FIVE-STAR HOTEL KNOWN AS COURTYARD BY MARRIOTT MELAKA BY APPLE 99 DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF YTB, TO SOUTHERN ENVOY SDN BHD FOR A CASH CONSIDERATION OF RM160,000,000 ("PROPOSED DISPOSAL")

Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those set out in Company's announcement in relation to the Proposed Disposal ("Announcements").

 

Reference is made to the announcement dated 5 June 2026 in relation to the application for further extension of time to submit the draft Circular in relation to Proposed Disposal ("Further EOT Application"). On behalf of the Board, M & A Securities is pleased to announce that Bursa Securities had vide its letter dated 19 June 2026, after taking into consideration the relevant facts and circumstances, resolved to approve the Further EOT Application.

 

Accordingly, the Company has been granted an extension of time up to 26 December 2026 to comply with Paragraph 9.33(1)(a) of the Listing Requirements for the submission of the draft Circular in relation to the Proposed Disposal.

 

The announcement is dated 19 June 2026.



Announcement Info

Company Name YONG TAI BERHAD
Stock Name YONGTAI
Date Announced 19 Jun 2026
Category General Announcement for PLC
Reference Number GA1-19062026-00022


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