Yong Tai unit terminates JV land deal


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.

PETALING JAYA: Yong Tai Bhd’s unit has terminated its agreement with JM Bestari Land Sdn Bhd to jointly develop a piece of land in Melaka.

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.

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Yong Tai , JM Bestari , terminates , land deal ,

   

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