YTL Corp proposes share swap to delist YTL Land

YTL Group is proposing to acquire the YTL Land shares at an offer price of 36 sen per share, which translates to an exchange ratio of about 0.32 in YTL shares for each YTL Land share.

KUALA LUMPUR: YTL Corp Bhd has proposed to delist its property development arm via a share swap deal.

Under the plan, YTL Corp has offered to acquire all remaining shares it did not own in YTL Land & Development Bhd (YTL Land) at 36 sen each, to be settled via the issuance of new YTL Corp shares.