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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit edges up as softer US yields weigh on greenback�
Global trade finance gap at US$2.5 trillion as global trade tensions rise, ADB says
FBM KLCI hovers above 1,700 support
Former army chief Zamrose resigns as Boustead Heavy Industries director
Trading ideas: Sunview, TNB, Capital A, Keyfield, TRC, Rexit, Pestec, AirAsia X, Hibiscus, Selangor Dredging, BHIC, Globetronics
Oil reverses gains after Trump eases worries over Iran
Wall Street ends lower, led by drop in Nasdaq
OGX signs underwriting agreement
Sunview Group in RM19mil fundraise
Prospects for renewable energy to shine this year

Others Also Read