KUALA LUMPUR (Jan 21): Yong Tai Bhd says it has received greenlight from the Melaka state government to develop an international cruise terminal at its flagship RM8 billion mixed development, Impression City Melaka.
KUALA LUMPUR (Aug 28): Melaka-centric township property developer Yong Tai Bhd announced its first annual net loss in five years, due to losses incurred at its Encore Melaka theatre and after booking a one-off impairment loss in relation to the Terra Square retail mall.
KUALA LUMPUR (Aug 10): A lack of understanding of the tourism industry has “devastated” Yong Tai, CEO and executive director Datuk Wira Boo Kuang Loon told The Edge Malaysia.
KUALA LUMPUR (July 4): Yong Tai Bhd announced yesterday that its wholly-owned subsidiary YTB Impression Sdn Bhd has terminated a joint development agreement with JM Bestari Land Sdn Bhd to develop a piece of land in Melaka.
KUALA LUMPUR (May 29): Nasdaq-listed HRC World Plc will become a strategic investor in property developer Yong Tai Bhd’s Encore Melaka theatre with the proposed acquisition of a significant stake in the developer’s subsidiary.
KUALA LUMPUR (May 18): Yong Tai Bhd’s chief executive officer Datuk Wira Boo Kuang Loon is injecting RM36 million in cash into the developer, raising his stake to 20% to sustain the group’s ongoing property development projects.
PETALING JAYA (April 21): Encore Melaka, a state-of-the-art theatre built by Yong Tai Bhd’s ambitious Impression City development in Melaka received the EdgeProp Editor’s Choice Award: Exemplary Real Estate Contribution to the Nation at this year’s EdgeProp Malaysia’s Best Managed Property Awards.
KUALA LUMPUR (March 9): Yong Tai Bhd has proposed to raise up to RM17.
KUALA LUMPUR (Feb 26): Yong Tai Bhd reported its second consecutive quarter in the red, with a net loss of RM5.
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