TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YONG TAI BERHAD ("YTB" OR THE "COMPANY") PROPOSED DISPOSAL OF A FIVE-STAR HOTEL KNOWN AS COURTYARD BY MARRIOTT MELAKA BY APPLE 99 DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF YTB, TO SOUTHERN ENVOY SDN BHD FOR A CASH CONSIDERATION OF RM160,000,000 ("PROPOSED DISPOSAL")
| YONG TAI BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | YONG TAI BERHAD ("YTB" OR THE "COMPANY")
PROPOSED DISPOSAL OF A FIVE-STAR HOTEL KNOWN AS COURTYARD BY MARRIOTT MELAKA BY APPLE 99 DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF YTB, TO SOUTHERN ENVOY SDN BHD FOR A CASH CONSIDERATION OF RM160,000,000 ("PROPOSED DISPOSAL") |
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Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those set out in Company’s announcement dated 31 July 2024, 2 August 2024, 11 September 2024, 25 September 2024, 7 October 2024, 29 October 2024, 11 March 2025, 24 March 2025,10 April 2025 and 9 December 2025 in relation to the Proposed Disposal ("Announcements”).
We refer to the Company's announcements dated 29 October 2024 and 10 April 2025 in relation to the Proposed Disposal.
On behalf of the Company, M & A Securities wishes to announce that the parties to the SPA have mutually agreed to further extend the Conditional Period to 31 March 2027 to fulfil the Condition Precedents.
Save as disclosed above, there are no other variations to the terms and conditions of the SPA.
The announcement is dated 18 December 2025. |
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Announcement Info
| Company Name | YONG TAI BERHAD |
| Stock Name | YONGTAI |
| Date Announced | 18 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18122025-00051 |