“All the hotels and experiential centre will be [located] at the nine towers [while] the lifestyle and entertainment [centre] will be at the 135-acre [parcel] where Encore Melaka [currently] sits, therefore pulling a lot of tourists into Melaka in the future.
KUALA LUMPUR (May 18): Yong Tai Bhd has entered into debt settlement agreements with 19 creditors to pay off RM46 million owed by issuing 92 million new shares at 50 sen per share.
KUALA LUMPUR (September 12): Yong Tai Bhd’s focus for the financial year ending June 30, 2019 (FY19) will be on Encore Melaka, as well as clearing the remaining inventories for its property segment, which stood at about RM400 million.
MELAKA (May 28): About 2,000 people turned up for the preview of Encore Melaka at Impression City in Melaka today.
KUALA LUMPUR (Sept 1): Faced with shrinking margins and market share in an increasingly competitive environment, more and more listed manufacturers are shifting their focus to the property development business to reverse their fortunes.
KUALA LUMPUR (Aug 27): Yong Tai Bhd returned to the black thanks to its property venture with a net profit of RM6.
KUALA LUMPUR (Aug 10): Garment maker turned property developer Yong Tai Bhd is banking on the volume of tourists that will come in from China and Singapore to drive its planned tourism-related property projects in Melaka.
KUALA LUMPUR (Aug 5): Garment manufacturer and property developer Yong Tai Bhd’s shares extended losses to as much as 11 sen or 14.
GEORGE TOWN (Aug 3): Yong Tai Bhd has entered into five separate memorandums of understanding (MoUs) today for a host of proposed business and land acquisitions that can provide it five potential property development projects in Melaka, Klang Valley and Johor, with a combined gross development value (GDV) of about RM7 billion, spread over the next eight years.
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