Ytl Land & Development Berhad

PETALING JAYA: Tropicana Corp Bhd has proposed to acquire two contiguous pieces of land of 308 acres in Bentong, Pahang from YTL Land & Development Bhd for RM402.49mil in cash.

KUALA LUMPUR (Oct 7): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Oct 8) may include: Hibiscus Petroleum Bhd, Econpile Holdings Bhd, OCK Group Bhd, MMC Corp Bhd, YTL Land & Development Bhd, YTL Corp Bhd, Priceworth International Bhd, Malaysia Airports Holdings Bhd, Ann Joo Resources Bhd and Southern Steel Bhd.

KUALA LUMPUR (Oct 7): YTL Corp Bhd has secured 90.45% of YTL Land & Development Bhd as at the close of its takeover offer today. 
In a filing with the stock exchange, YTL Corp said as at 5pm today, it had received valid acceptances resulting in it holding 749.95 million YTL Land shares and 902.91 million YTL Land irredeemable convertible unsecured loan stocks (ICULS), representing approximately 90.45% of the total YTL Land shares in issue and 91.04% of the total outstanding YTL Land ICULS respectively. 

YTL LAND & DEVELOPMENT BERHAD
(I) PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT")
(II) PROPOSED ADOPTION OF NEW CONSTITUTION