Garment maker Yong Tai banks on property projects worth RM7bil

Ng: ‘We are confident of making profits in the current financial year ending June 30, 2016 after being in the red for many years.’

PETALING JAYA: Garment manufacturer Yong Tai Bhd is growing its presence in the property development market despite the current soft market.

It has entered into memorandum of understandings (MoUs) with five vendors to launch property projects with a combined gross development value (GDV) of RM7bil over the next eight years. The proposed projects are in Malacca, the Klang Valley and Johor.