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Overview
Financial Highlight
Headlines
Business Background Yi-Lai Bhd is an investment holding company. The firm is principally engaged in the manufacture and sale of ceramic and homogenous tiles. The Yi-Lai tiles are marketed under its own brand name “Alpha Tiles”. The group also caters to the manufacturing of original equipment manufacturer tiles for its customers under their brands. The company produces Digital Print Tiles, Wall Tiles, Floor Tiles, Porcelain Effect Tiles and Homogenous tiles. Most of the company's revenues are derived from Malaysia.
  paperplane The Board of Directors of the Company wishes to announce that the Company proposes to seek its shareholders’ approval for the proposed amendment of a clause in the Constitution of the Company at the forthcoming Twentieth Annual General Meeting ("20th AGM") of the Company. The proposed amendment to the Constitution will allow the Company to utilise the allowable percentage by relevant authorities from time to time for the general mandate to issue new securities, subject to the provisions of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the prevailing laws, guidelines or requirements of the relevant authorities. The details of the proposed amendment to the Constitution will be distributed to the shareholders with the Notice of the 20th AGM of the Company for the financial year ended 31 December 2019 in due course. This announcement is dated 23 July 2020. 24/07/2020 8:41 AM paperplane AGM September, so things going to unfold only in September? hehe The Board of Directors of Yi-Lai Berhad (“the Company”) wishes to announce that the Company had applied to the Companies Commission of Malaysia (“CCM”) for an extension of time to hold its Twentieth Annual General Meeting (“20th AGM”) and accordingly, approval has been granted for the Company to hold its 20th AGM by 28 September 2020, in accordance to the Practice Directive No. 6/2020 issued by CCM. 24/07/2020 8:41 AM  Ivan89 Time to wake up. Will Break new high in future, due to new shareholder joined. Foresee the company will have new business. 27/07/2020 1:19 PM drobertp40 What is the implication of the following to retail investors? 'Directors authorised to issue and allot shares any time, at such price, upon such T&C for such purposes and to such persons at absolute discretion of directors limited to 20% of issued shares.' (I paraphrased the above from notice of AGM. 29/07/2020 2:08 PM YongKhai https://www.theedgemarkets.com/article/yilai-may-diversify-business-turnaround-effort 27/08/2020 8:02 PM Joel Chan https://www.thestar.com.my/business/business-news/2020/09/08/yi-lai-teams-up-with-new-ed-au-yee-boon-in-blockchain-venture- 09/09/2020 12:03 AM kasim Ceramic and tiles manufacturer Yi-Lai Bhd is venturing into the information technology (IT) solutions business in partnership with TechBase Solution Sdn Bhd, a company controlled by its newly-appointed executive director Au Yee Boon 09/09/2020 9:53 AM kasim Yi-Lai said it has entered into an agreement with TechBase to collaborate for the purpose of establishing its new IT solutions business, which specialises in the provision of blockchain and system integration services 09/09/2020 9:53 AM kasim Both companies intend to set up a joint venture firm to run the new business, with Yi-Lai holding a 49% equity interest and TechBase the remaining 51% 09/09/2020 9:54 AM kasim Yi-Lai said it will provide funding to meet the financing conditions for the new business up to a commitment amount of RM9.5 million 09/09/2020 9:54 AM kasim Notwithstanding the proposed diversification, the board intends to continue with its existing principal activities in the same manner. Yi-Lai is principally involved in the manufacture and sale of ceramic and homogeneous tiles, trading and distribution of tiles 09/09/2020 9:54 AM kasim new business to contribute 25% or more of the group’s net profits or net assets moving forward, barring any unforeseen circumstances 09/09/2020 9:55 AM kasim The company has been loss-making since 2017. For the six months ended June 30, 2020, 09/09/2020 9:55 AM YongKhai https://www.thestar.com.my/business/business-news/2020/09/08/yi-lai-teams-up-with-new-ed-au-yee-boon-in-blockchain-venture- 10/09/2020 7:24 PM YongKhai https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3087420 10/09/2020 7:25 PM YongKhai https://www.theedgemarkets.com/article/yilai-shares-may-attract-renewed-buying-interest-says-kenanga?type=malaysia KUALA LUMPUR (Sept 15): Kenanga Research said Yi-Lai Bhd shares may attract renewed buying interest as its new major shareholder (businessman Au Yee Boon who is now the single biggest shareholder with a 13.9% stake) is seeking to jointly venture into IT solutions business. In its daily technical highlights note today, Kenanga said the diversification strategy will hopefully turn around the Group, whose existing tiles manufacturing business has been loss-making over the past three financial years. The research said the financially strong with a debt-free balance sheet that is backed by cash holdings & unit trust investments of RM82.7 million (or 57 sen per share which represents almost two-thirds of its current share price of 87 sen) as of end-June, Yi-Lai is well-positioned to scout around for interesting business deals ahead. “From a charting perspective, after reaching a high of RM1.09 on Aug 11, the stock has retraced to as low as 85 sen last Thursday on declining trading volumes while its RSI is indicating that the share price is reversing out from an oversold territory. “The appearance of a pennant formation, which is a bullish continuation pattern, also suggests the share price may ride on the positive momentum going forward. “On the back of a probable technical breakout, Yi-Lai shares could climb towards our resistance thresholds of 99 sen (R1) and RM1.10 (R2). “This translates to upside potentials of 14% and 26%, respectively. Our stop loss level is set at 78 sen (or 10% downside risk),” it said. 15/09/2020 10:43 AM paperplane https://www.klsescreener.com/v2/news/view/732547/talos-living-tiles-for-better-health 07/10/2020 8:19 AM paperplane https://www.klsescreener.com/v2/news/view/732547/talos-living-tiles-for-better-health 07/10/2020 8:20 AM  |
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