http://www.thestar.com.my/business/business-news/2017/06/05/svi-not-major-shareholder-in-yong-tai/

Hi Adam, Yong Tai has issued press statement to clear the air and we have make it clear that the Company will not hesitate to take legal action against company that uses Yong Tai's name or the property development projects under Yong Tai in any context that may mislead the public about their affiliation with Yong Tai.

We can't comment on behalf of SVI. Suggest you refer to them if you still have doubt on the issue.

http://www.enanyang.my/news/20170604/巫光伦澄清谣言br-胜威非永大股东/

http://www.sinchew.com.my/node/1649413/没参与《印象城》和《印象马六甲》%EF%BC%8E永大集团：svi非股东

http://www.sinchew.com.my/node/1649413/没参与《印象城》和《印象马六甲》%EF%BC%8E永大集团：svi非股东

http://www.enanyang.my/news/20170604/巫光伦澄清谣言br-胜威非永大股东/

Yong Tai Berhad (Yong Tai or the Company) would like to clarify that SV International (SVI) is not a major shareholder in Yong Tai and does not own the "Impression City" and "Impression Melaka" projects as claimed by the latter on their social media platform and website.

As to date, Yong Tai has not entered into any joint venture agreement or done any business transaction with SVI for its property development particularly the Impression City and Impression Melaka projects.

Also, SVI's development "Fortune City" in Klebang, Melaka is not in "Impression City" and it is not related to Yong Tai.

Yong Tai will not hesitate to take legal action against company that uses Yong Tai's name or the property development projects under Yong Tai in any context that may mislead the public about their affiliation with Yong Tai.

Hi Adam, just to shed light on the photos you seen on SVI's social media platform and website. The signing ceremony took place was because SVI said their members interested to buy our properties. Yong Tai as a property developer, how are we going to tell interested buyers don't buy our properties? Secondly, the signing with Dato Sri Lee refers to SVI's indication of their interest to purchase part of the company shares (not exceeding 10%). However, such intention was not further executed subsequently. Again, how are we going to tell people don't buy our shares? We would like to reiterate again that the signing ceremony event is just for the above agenda and it's not a joint venture agreement /partnership agreement. As to date, Yong Tai has not done any business transaction with SVI.

Long and short of it, even if SVI buy Yong Tai's shares from the open market, that doesn't mean SVI own the Impression City and Impression Melaka projects.

As for the allegation that SVI has emerged as a major shareholder in Yong Tai, we have clarified it on our website and Facebook page that the news or rumour is not true.

As far as we are concerned, none of our major shareholders sold their stake to SVI.

Also to clarify the recent Fortune City is not located in our Impression Land neither hv any relationship with us.

In reference with Adam Khoo's post, we would like to reiterate that SVI is not a major shareholder of Yong Tai. Being a company listed on Bursa Malaysia, anyone can purchase shares from the market and become a shareholder of the company. The pictures posted on SVI's website only refers to SVI’s indication of their interest to purchase part of Yong Tai's shares (not exceeding 10%) whereby such intention was not further executed subsequently. It's not a joint venture agreement between Yong Tai and SVI. Therefore, SVI has not become the company’s shareholder and more so not as a major shareholder.

We would like to reiterate that SVI is not a major shareholder of Yong Tai. Being a company listed on Bursa Malaysia, anyone can purchase shares from the market and become a shareholder of the company. The pictures posted on SVI's website only refers to SVI’s indication of their interest to purchase part of Yong Tai's shares (not exceeding 10%) whereby such intention was not further executed subsequently. It's also not a joint venture agreement between Yong Tai and SVI. Therefore, SVI has not become the company’s shareholder and more so not as a major shareholder.

Also to clarify the recent Fortune City is not located in our Impression Land neither have any relationship with us

http://www.yongtai.com.my