CGSI Research views the acquisition as timely with the rapid expansion of its data centre business in Kulai, Johor.
KUALA LUMPUR: YTL Corp Bhd
’s acquisition of a majority stake in a Singapore-listed building materials company is expected to result in a marginal increase in the net gearing of the Malaysian engineering and construction conglomerate.
According to CGS International (CGSI) Research, YTL’s net gearing could increase to 1.62 times from 1.59 times as at June 2023, assuming the proposed acquisition did not result in a mandatory general offer (MGO).
