Yong Tai to undertake shares consolidation, bonus issue of warrants and debt settlement | Malay Mail

Tuesday, 17 May 2022 09:28 PM MYT

It said the proposed share consolidation is expected to enhance the company’s share capital structure. On the proposed bonus issue of warrants, YTB said the exercise would, among others, enable the company to participate in convertible securities of the company, which are tradable on the Main Market of Bursa Securities, without incurring any cost and allow existing shareholders to benefit from any potential capital appreciation of the warrants.

YTB said it had completed and delivered vacant possession of The Apple in December 2021 and is also on track to complete and deliver vacant possession of Amber Cove and Impression U-Thant by the third and fourth quarter of this year.

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