Tile manufacturer Yi Lai said the JV will enable it to specialise in the provision of blockchain and system integration services.
KUALA LUMPUR: Yi-Lai Bhd has entered into a joint venture agreement with TechBase Solution Sdn Bhd to go into information technology business, a Bursa statement said.
It is deemed as a related party transaction, by virtue of Au Yee Boon’s interest in both Yi-Lai in which he emerged as the executive director and a major shareholder in Yi-Lai on Aug 27 2020, and TechBase in which he was already the ultimate major shareholder, or interested director.
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