Yong Tai Berhad (hereafter referred as “the company”) hereby states that being a company listed on Bursa Malaysia, anyone can purchase shares from the market and become a shareholder of the company. The above pictures only refers to SVI’s indication of their interest to purchase part of the company shares (not exceeding 10%) whereby such intention was not further executed subsequently. Therefore, SVI has not become the company’s shareholder and more so not as a major shareholder. The company is also not a subsidiary of SVI, and projects such as “Impression City” and “Impression Melaka” are not owned by SVI. As a public listed company, any of the company’s information can be obtained from Bursa Malaysia .
Yong Tai Berhad (hereafter referred to “the company”) hereby states that the above pictures were taken upon invitation by SVI, the company did a briefing of “Impression City” and “Impression Melaka” projects to SVI members who were interested in the company’s properties to promote sales. However, the company hereby clarifes that it is neither a joint venture project with SVI nor a project developed by SVI.
On behalf of Yong Tai Berhad (Yong Tai or the Company), we would like to clarify that SV International (SVI) is not a major shareholder in Yong Tai neither did the Company and its major shareholders have sold their stake to the latter.
Please be informed that Yong Tai had recently completed its private placement with an oversubscription rate of 1.96 times and placed out the 70 million new shares to reliable and renowned institutional investors.
Apart from that, Yong Tai has not done any business transaction with SVI for its property development particularly the Impression City and Impression Melaka projects too.
The rumour of SVI become the major shareholder of Yong Tai is not true.
Level 6-3, Tower B, Jaya 99,
99 Jalan Tun Sri Lanang,
75100 Melaka, Malaysia
Tel: +606 2277 555/333
Fax: +606 2277 322
Kuala Lumpur Office
A-7-01, Block A, Oasis Damansara,
No 2, Jalan PJU 1A/7A,
Ara Damansara, 47301 Petaling Jaya, Selangor, Malaysia
Tel: +603 7859 8865/8856
Fax: +603 7859 8864