United Malacca sells four estates to Huat Lai for RM175mil

In its filings with Bursa Malaysia, Yong Tai said its wholly-owned subsidiary YTB Impression Sdn Bhd terminated the deal due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement. Yong Tai fell half a sen to close at 32.5 sen yesterday.

KUALA LUMPUR: United Malacca Bhd on Thursday entered into three separate agreements to sell four plantation estates to Huat Lai Resources Bhd for RM175.14mil.

The four estates, located in Negri Sembilan and Melaka, measuring a total of 1,021ha, were sold via an open tender exercise.