Yi-Lai aims for M&A and business diversification

Executive director Au Yee Boon said: “Leaning on Yi-Lai’s strong balance sheet, the management is always on the lookout for good businesses either via strategic collaborations or M&As. (File pic shows Yi-Lai tiles)

PETALING JAYA: Tile manufacturer Yi-Lai Bhd is stepping up its merger and acquisition (M&A) and diversification exercises having allocated an initial RM30mil to RM40mil for such purpose.

The company hopes to secure at least one M&A next year and to diversify its business in a bid to mitigate the risk of over dependence on a particular business.