PETALING JAYA: Yong Tai Bhd
has entered into a deed of assignment (DOA) with several parties as part of a capitalisation exercise.
In its filings with Bursa Malaysia, the garment maker-turned-property developer said the group had signed the DOA with Impression Wonders Melaka, Beijing Impression and Euro Gain International Ltd for a settlement agreement dated Feb 4, 2016, whereby Beijing Impression had assigned and transferred the outstanding sum of 11 million yuan (RM7.1mil) of the settlement agreement and the rights to receive the settlement shares to Euro Gain.
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