Big task for Ranhill in YTL’s Johor play

The acquisition of Ranhill shares is a timely move amid YTL’s huge data centre ambition in Johor.

THE Yeoh family of YTL Group has been making some interesting changes in Ranhill Utilities Bhd after becoming its controlling shareholder in late July.

Last week, all four executive directors of Ranhill were removed from the board and five new members were appointed including two grandchildren of YTL Group’s late founder Tan Sri Yeoh Tiong Lay.