Yong Tai goes into gold mining


The company, in a filing with Bursa Malaysia, said it has entered into a mining agreement with Tengku Fahad Mua’adzam Shah ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah and Amazing Logic Sdn Bhd to appoint YTB Land Sdn Bhd, as the sole and exclusive mining operator to perform and undertake the exploration and exploitation works on the site.

KUALA LUMPUR: Property developer Yong Tai Bhd has entered into a deal to undertake a gold mining project on a 100ha site in Lipis, Pahang.

The company, in a filing with Bursa Malaysia, said it has entered into a mining agreement with Tengku Fahad Mua’adzam Shah ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah and Amazing Logic Sdn Bhd to appoint YTB Land Sdn Bhd, as the sole and exclusive mining operator to perform and undertake the exploration and exploitation works on the site.

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