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YONGTAI-WA: Mother share preferred

YONGTAI-WA: Mother share preferred

The share price of Yong Tai Berhad and its warrant YONGTAI-WA came under pressure after the company reported a lower than expected earnings in their latest financial year which ended 30 June 2018 in late August.  The mother share price plunged from above 90 sen in late August to as low as 60 sen on 4 October before purchase of shares by Chief Executive Officer Datuk Wira Boo Kuang Loon steadied the price and led to a rebound.  At the close of trading on 9 October, Yong Tai mother share and warrant last traded at 69 sen and 41.5 sen respectively.

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