Malaysia's YTL Corp to delist property development arm via share exchange offer

Malaysia-listed YTL Corporation Bhd (YTL Corp) has proposed a conditional share exchange offer to acquire the remaining stake of its property development arm YTL Land and Development Bhd (YTL Land), it said in its filing to Bursa Malaysia.

Following the conditional share exchange offering, YTL Land would be delisted. The exercise is being conducted due to the low trading activity of YTL Land’s shares.

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