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Yong Tai plans to raise RM54mil to part finance land purchase


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’s commitment and confidence in Yong Tai’s business direction.

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’s commitment and confidence in Yong Tai’s business direction.

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.

Construction , Yong Tai

   

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