YLI acquires 80% stake in Damini Corp for RM10mil

KUALA LUMPUR: YLI Holdings Bhd has proposed to acquire 80% equity interest in Damini Corporation Sdn Bhd for a purchase consideration of RM10mil.

In a filing with Bursa Malaysia, YLI said it entered into a conditional share sale agreement with Bumiraya Armani Sdn Bhd for the proposed acquisition of four million ordinary shares, representing 80% equity interest in Damini.