Yong Tai acquires stake in Sumberjaya Builders for RM15mil


PETALING JAYA: Yong Tai Bhd (YTB) has entered into a conditional share sale agreement to acquire the entire equity stake in Sumberjaya Builders Sdn Bhd for RM15mil. 

In a statement, the tourism-related property development firm said the strategic acquisition marks the company’s entry into Sabah’s property market with a steady growth outlook, further diversifying the group’s earnings stream and enhancing future profitability.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Yong Tai , tourism , Sumberjaya Builders

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read