Pursuant
to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia
Securities Berhad, YTL Corporation Berhad (YTL Corp or the Company) wishes
to announce that its subsidiary, YTL Cement Berhad, has incorporated a
wholly-owned subsidiary, YTL Cement (Philippines) Holdings Pte Ltd in Singapore
on 1 April 2015. YTL Cement (Philippines) Holdings Pte Ltd was incorporated for
the purpose of undertaking the business of investment holding.
The
issued and paid-up share capital of YTL Cement (Philippines) Holdings Pte Ltd
is SGD1.00 comprising of 1 ordinary share.
The
incorporation of YTL Cement (Philippines) Holdings Pte Ltd does not have any
material effect on the earnings, gearing or net assets of YTL Corp Group for
the current financial year. None of the Directors and/or major shareholders of
the Company or persons connected to them has any interest, direct or indirect
in the said incorporation.