Yong Tai to raise RM144mil

TheStar Sat, May 18, 2019 08:45am - 4 years View Original


PETALING JAYA: Yong Tai Bhd plans to raise RM144mil by issuing 400 million new shares to its major shareholders, including its chief executive officer Datuk Wira Boo Kuang Loon to part finance its development projects.

The tourism and cultural related property developer said in a statement yesterday Boo would subscribe to 100 million shares at 36 sen each via Domain Capital Sdn Bhd (DCSB).

The other major shareholders Full Intelligent International Ltd (FIIL) and Datin Seri Faridatulfirdaus Ariff will also subscribe for 100 million shares each.

The remaining 100 million new shares will be placed out to independent third party investors, at an issue price to be determined later.

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