Yong Tai group chief executive officer Datuk Wira Boo Kuang Loon(filepic) said that the decision of Co-Prosperity to increase its equity participation in the company demonstrated the shareholder
PETALING JAYA: Property developer Yong Tai Bhd
is raising RM54.18mil from it’s Hong Kong based major shareholder through a private placement exercise.
Proceeds from the exercise would be used to part finance the purchase of 1.08 acres of land in Bukit Bintang, Kuala Lumpur, the company said in a statement yesterday.
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