YB Ventures raises RM48mil for expansion

The tile manufacturer and information technology company said the 1.21 billion ICULS, under the stock name YB-LR, are expected to be listed and quoted on the Main Market of Bursa Securities on Sept 10, 2021.

KUALA LUMPUR: YB Ventures Bhd, formerly known as Yi-Lai Bhd, announced that its rights issue of irredeemable convertible unsecured loan stocks (ICULS) at four sen per rights share has been oversubscribed by 46.6%.

The tile manufacturer and information technology company said the 1.21 billion ICULS, under the stock name YB-LR, are expected to be listed and quoted on the Main Market of Bursa Securities on Sept 10, 2021.