YB VENTURES BERHAD
KLSE (MYR): YB (5048)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.165
Today's Change
+0.005 (3.13%)
Day's Change
0.16 - 0.165
Trading Volume
16,000
Post a Comment
Market Buzz
Featured Posts
Latest Videos
.png)
Apps
Top Articles
1
Good Articles to Share
2
Good Articles to Share
Harris is either financially illiterate or believes her voters are: Housing expert
3
Good Articles to Share
‘We saw this coming’: citizens react to China increasing its retirement age
4
Good Articles to Share
Hurricane Helene: What homeowners insurance may cover ️ #shorts
5
Good Articles to Share
School Work: The non-teaching staff who keep Singapore’s schools working | Full series
6
Good Articles to Share
Israel killing of Hizbollah chief Nasrallah sparks condemnation
7
Good Articles to Share
Japan's Economic Revival Is Failing to Save Its Vanishing Towns
8
Good Articles to Share
‘Fear and greed are embedded into the market’: #yahoofinance explains
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investeye
2,347 posts
Posted by Investeye > 2016-04-29 23:16 | Report Abuse
BATU KAWAN: Property developer and real estate investment company, Aspen Group, expects to complete the reverse takeover (RTO) of the ceramics tile manufacturer, Yi-Lai Bhd, the earliest by October.
Its chief executive officer, Datuk M. Murly, said the group aimed to complete the RTO, the earliest by October or the latest by year-end.
“We are in the midst of regulatory compliances and once we get the clearance, I promise I will talk more about it,” he told reporters in Batu Kawan on Friday.
It was reported in February that the RTO would be settled via the issuance of 450 million new Yi-Lai shares at an issue price of RM1, while the remaining RM100mil will be paid in cash.
Murly said the plan to list on the Singapore Exchange was still on but Aspen, a Malaysian company, preferred it here.
“Our target is to get listed as it will give us the platform to raise capital and once we get the clearance from the regulators here (Malaysia), we may abort the SGX plan,” he said.
Earlier, Murly signed a collaborative agreement worth more than RM5mil with German-based kitchen and home appliances provider, Teka Kuchentechnik Malaysia Sdn Bhd.
He said the deal would see all units of Vertu Resort, the first residential development in Aspen Vision City, furnished with the best from Teka.
“All units of Vertu Resort will be inclusive of home furnishings by IKEA, kitchen appliances by Teka and electrical appliances. Every unit will also have at least two parking lots,” he said.
He said sales of the Vertu Resort units, which were expected to be completed in 2019, had reach 50%.
Vertu Resort is mega joint-venture development between Aspen and Ikano Pte Ltd. It consists of 1,282 ready-to-move-in condominiums spread across five elegant towers ranging from 29 to 42 storeys with only eight to 12 units on each floor. - Bernama