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