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Corporate News

SIAB reaches settlement with YTB Development

KUALA LUMPUR: SIAB Holdings Bhd’s wholly owned subsidiary, Siab (M) Sdn Bhd has accepted the proposed settlement arrangement from YTB Development Sdn Bhd (YTBD).

In a filing with Bursa Malaysia, SIAB said the outstanding balances owed by YTBD, a subsidiary of Yong Tai Bhd would be offset with properties.

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SIAB , settlement , YTB Development

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