
KUALA LUMPUR (May 30): YTL Corp Bhd said Yeoh Tiong Lay & Sons Holdings Sdn Bhd has raised its stake to 49.059% in diversified group YTL Corp, after acquiring 10 million shares on Monday (May 28, 2018).
In a statement to Bursa Malaysia today, YTL Corp said Yeoh Tiong Lay & Sons' 49.059% stake comprises 5.27 billion shares in YTL Corp. At 12:06pm, YTL Corp shares fell 7.5 sen or 7% to 94.5 sen, for a market value of RM10.16 billion.
YTL Corp saw some 48 million shares transacted. The businesses of YTL Corp include construction, property and hotels.