Yong Tai buys stake in Sumberjaya


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.

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