Thursday, April 14, 2011

YTL Corp seeking M&As, focus on infra biz

KUALA LUMPUR: YTL CORPORATION BHD [] is seeking for mergers and acquisitions, with the main focus on infrastructure-based businesses.

It said on Thursday, April 14 that the companies in the group had restructured their balance sheets and the subsidiaries were now strong enough to pay consistent and substantial dividends.

YTL Corp is expecting RM1 billion in dividends from its subsidiaries for the FY ending June 30, 2011.

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