Posted by ipomember > 2017-06-01 15:59 | Report Abuse

On behalf of Yong Tai Berhad (Yong Tai or the Company), we would like to clarify that SV International (SVI) is not a major shareholder in Yong Tai neither did the Company and its major shareholders have sold their stake to the latter.

Please be informed that Yong Tai had recently completed its private placement with an oversubscription rate of 1.96 times and placed out the 70 million new shares to reliable and renowned institutional investors.

Apart from that, Yong Tai has not done any business transaction with SVI for its property development particularly the Impression City and Impression Melaka projects too.

The rumour of SVI become the major shareholder of Yong Tai is not true.

Posted by ipomember > 2017-06-01 15:59 | Report Abuse

please check for fact first lol

Posted by YongTaiIR > 2017-06-01 18:16 | Report Abuse

We would like to reiterate that SVI is not a major shareholder of Yong Tai. Being a company listed on Bursa Malaysia, anyone can purchase shares from the market and become a shareholder of the company. The pictures posted on SVI's website only refers to SVI’s indication of their interest to purchase part of Yong Tai's shares (not exceeding 10%) whereby such intention was not further executed subsequently. It's also not a joint venture agreement between Yong Tai and SVI. Therefore, SVI has not become the company’s shareholder and more so not as a major shareholder.

Posted by YongTaiIR > 2017-06-01 18:23 | Report Abuse

Also to clarify the recent Fortune City is not located in our Impression Land neither hv any relationship with us.

Posted by CautiousTrader > 2017-06-01 22:07 | Report Abuse

YongTai is lying to the share holders. YongTai come out to clarify mainly because the boss afraid the share price will go down.

Posted by Adam Khoo > 2017-06-01 22:55 | Report Abuse

SVI is having daily presentation session at Sunway Velocity Office which show the signing ceremony and Impression Melaka as a JV project. How could they show the Impression Melaka video if there is no relationship? If Yong Tai claim there is no JV relationship, Yong Tai should make a clarification to the public in mass media. Many people invest in SVI because they are very impress with Impression Melaka.

Posted by Adam Khoo > 2017-06-01 23:05 | Report Abuse

Yong Tai owed investor a public explanation in proper manner before the issue escalated to become headline of all the major newspaper. Solve the issue proactively while you still can before rumors cast doubt on the company.

Posted by BILLC > 2017-06-01 23:19 | Report Abuse

Common sense tells us d story is truth,yongtai is part of money game scheme !

Posted by Hui Xin Sim > 2017-06-02 09:37 | Report Abuse

adam...you can say you buy a stock and show it everyday in KLCC to collect money from the puclic. it is indeed up to the listener IQ to decide to trust you or not.. but how much you actually owned? is it better i directly invest in yongtai rather than invest in you.. yongtai is a public listed company and anybody can own the share in yongtai acquire by open market... yong tai had already gave a clear idea that it is not at all related to SVI.... i share the yongtai statement from FB back in Jan 2017...


On behalf of Yong Tai Berhad (Yong Tai or the Company), we would like to clarify that SV International (SVI) is not a major shareholder in Yong Tai neither did the Company and its major shareholders have sold their stake to the latter.

Please be informed that Yong Tai had recently completed its private placement with an oversubscription rate of 1.96 times and placed out the 70 million new shares to reliable and renowned institutional investors.

Apart from that, Yong Tai has not done any business transaction with SVI for its property development particularly the Impression City and Impression Melaka projects too.

The rumour of SVI become the major shareholder of Yong Tai is not true.

reference https://www.facebook.com/impression.melaka/
16/01/2017 09:47

Posted by Hui Xin Sim > 2017-06-02 09:45 | Report Abuse

it is up to the listener to trust SVI or not.. yongtai was used as a tool by SVI to promote it's "share"....if you lost money due to investment in SVI it is yourself to be blame as the company already give a clear statement and many of us had showed it in yongtai comment that the 2 is not at all related by any mean...
why should yongtai use the company money to save all those who believe in fact delusional in SVI????? where yongtai already gave a clear idea and people still choose to invest in SVI.... yourself to be blame...

Posted by Adam Khoo > 2017-06-02 14:03 | Report Abuse

As you can see in SVI sales material, SVI is still using Yong Tai & Impression Melaka name in their presentation, and also in their corporate promotional video. What is the action Yong Tai going to take?

Posted by arsenal888 > 2017-06-02 14:19 | Report Abuse

Ok. Simply to conclude that Yong Tai's share has just been sold to SVI thru open market, which Yong Tai think that is just a peanut in their eyes; but SVI thought they are already like king of the world, keep promoting their JV with Yong Tai and Impression Melaka, spread false information in order to collect more investors' fund.
Good luck to SVI investors.

Posted by Adam Khoo > 2017-06-02 15:00 | Report Abuse

Why Yong Tai hold a ceremony and take photo with SVI? How many listed company will do that with a money game company? And these photo are use by SVI to mislead the public. If Yong Tai get cheated, they should make a police report.

Posted by Adam Khoo > 2017-06-02 15:20 | Report Abuse

Yong Tai logo is use inside SVI corporate video. Can Yong Tai explain that?

Posted by ipomember > 2017-06-02 15:23 | Report Abuse

explanation has been given, but clearly can see that adam khoo dont know how to read that lol

Posted by Adam Khoo > 2017-06-02 16:52 | Report Abuse

Vague explanation, it will become a PR disaster when main stream paper start to report it.

Posted by Adam Khoo > 2017-06-02 16:54 | Report Abuse

When the photo and video come out in headline, see what will Yong Tai says!

Posted by YongTaiIR > 2017-06-02 22:55 | Report Abuse

Hi Adam, just to shed light on the photos you seen on SVI's social media platform and website. The signing ceremony took place was because SVI said their members interested to buy our properties. Yong Tai as a property developer, how are we going to tell interested buyers don't buy our properties? Secondly, the signing with Dato Sri Lee refers to SVI's indication of their interest to purchase part of the company shares (not exceeding 10%). However, such intention was not further executed subsequently. Again, how are we going to tell people don't buy our shares? We would like to reiterate again that the signing ceremony event is just for the above agenda and it's not a joint venture agreement /partnership agreement. As to date, Yong Tai has not done any business transaction with SVI.

Long and short of it, even if SVI buy Yong Tai's shares from the open market, that doesn't mean SVI own the Impression City and Impression Melaka projects.

As for the allegation that SVI has emerged as a major shareholder in Yong Tai, we have clarified it on our website and Facebook page that the news or rumour is not true.

As far as we are concerned, none of our major shareholders sold their stake to SVI.

Posted by Adam Khoo > 2017-06-03 08:22 | Report Abuse

YongTaiIR, please answer the question, don't give vague answer.

1. Why Yong Tai have a signing ceremony with a money game company?

2. Why Yong Tai & Impression City logo still appear in SVI corporate video?

3. Why Impression City video is the main presentation use by SVI to sell their e-share?

4. Why no legal action or police report since Yong Tai is cheated by SVI?

5. Why no press conference to explain everything to the public?

Posted by YongTaiIR > 2017-06-04 11:55 | Report Abuse

http://www.sinchew.com.my/node/1649413/没参与《印象城》和《印象马六甲》%EF%BC%8E永大集团：svi非股东

Posted by YongTaiIR > 2017-06-04 11:56 | Report Abuse

http://www.enanyang.my/news/20170604/巫光伦澄清谣言br-胜威非永大股东/

Posted by YongTaiIR > 2017-06-04 12:07 | Report Abuse

Hi Adam, Yong Tai has issued press statement to clear the air and we have make it clear that the Company will not hesitate to take legal action against company that uses Yong Tai's name or the property development projects under Yong Tai in any context that may mislead the public about their affiliation with Yong Tai.

We can't comment on behalf of SVI. Suggest you refer to them if you still have doubt on the issue.

Posted by Lee Yih Yeong > 2017-06-04 17:47 | Report Abuse

same case with JJPTR... omg... another johnson lee !!

Posted by Adam Khoo > 2017-06-04 19:44 | Report Abuse

Finally Yong Tai is doing the right things by issuing a press statement with clear message.

This mean SVI is using Yong Tai & Impression logo to cheat.

Now Yong Tai should use legal means to stop SVI from using Yong Tai & Impression logo in SVI corporate video & sales presentation to promote their e-share.

Yong Tai need to do on English media as well.

Posted by Oceanman > 2017-06-06 18:29 | Report Abuse

Who are you, Adam Khoo? Keep asking Yongtai doing this doing that. The management should focus on making Impression Melaka and other projects a success. We as investors should also do our due diligence.

Posted by skyea > 2017-07-01 05:24 | Report Abuse

no wonder the shares are at 110PE even after the recent sell down. alot of pyramid money went in lah. look good on SVI books mah.