PETALING JAYA: YLI Holdings Bhd
is disposing of a 12,226.252 sq m parcel of leasehold industrial land in Seberang Perai Tengah, Penang for RM18mil to Hong Kuan Metals Recycle Sdn Bhd.
In a filing with Bursa Malaysia, the ductile iron pipes and fittings manufacturer said the disposal would provide YLI group cash for working capital and bring down its gearing ratio and cost of bank borrowings.
