Yong Tai to undertake gold mining project in Lipis, Pahang

KUALA LU MPUR: Yong Tai Bhd, a property developer, has entered into a deal to undertake a gold mining project on a 100 hectares site in Lipis, Pahang.

"YTB believes the Group’s venture into mining business is in the best interests of the Company and its shareholders because of the diversification of revenue stream through the sale proceeds arising from all gold, rock materials and other minerals extracted from the Land in light of the Covid-19 pandemic which has soften the performance of the real property and tourism market," it said.