The property sector, according to some financial analysts, is in the doldrums. But try telling that to China investors who are scooping up real estate deals across the country.
Yesterday, Hong Kong-listed Sino Haijing Holdings Ltd became the latest in a growing list of Chinese direct investments into the country. Its proposed RM280mil investment into Yong Tai Bhd, a textile maker turned developer, will be used to bankroll the group’s ambition to become a major player in the property scene.
The company will pay a market price of 80 sen a share for 150 million new stocks to be issued by Yong Tai. It will also take up 200 million convertible preference shares at the same price that will eventually give the Hong Kong-based company more than 50% control of Yong Tai.
Shares in Yong Tai was last traded at 80 sen yesterday, up 4 sen from its previous close. The stock had risen 27% over the past six months, outperforming the broader market by a wide margin.
to all genuine investors wish u all good luck and ready to take profit when the time come but remember not to sell all. The new buyers will take all the seller very soon. Just sharing guys.
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....
Muhammad Jamaluddin
415 posts
Posted by Muhammad Jamaluddin > 2016-01-29 14:49 | Report Abuse
ok.. what your play today haa YONGTAI?