Syed Yusof sells entire 30% YLI stake to Suasana Karisma for RM32.53mil

PETALING JAYA: YLI Holdings Bhd’s major shareholder Tan Sri Syed Mohd Yusof Syed Nasir has sold his entire 30.04% stake in the company to Suasana Karisma Sdn Bhd, a company controlled by some members of the existing management of the pipe manufacturer.

The transaction was effected through a married deal last Friday where Suasana Karisma acquired Syed Yusof’s interest of 29.57 million shares at RM1.10 per share, valuing the deal at RM32.53mil.