Magma said the private placement is the most appropriate fundraising route for the group, adding that the exercise is expected to strengthen its financial position while supporting ongoing business plans and capital expenditure.
The issue price represents a discount of 3.
YTL Hospitality REIT (KL:YTLREIT), in which YTL Corp owns a direct 55% and indirect 3.
The placement of up to 48.
The proposed placement involves up to 15.
Last month, WCT announced plans to establish and list a real estate investment trust on the Main Market of Bursa Malaysia which will allow the group to monetise its investment properties.
The Edge Media Group publisher and group CEO Datuk Ho Kay Tat: "We must embrace a new era of sustainable construction.
YTL Cement is buying the stake, comprising 303.
For the full year, CMS’ net profit more than halved to RM115.
Aside from YTL Power and MCement, YTL Corp has exposure to the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
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