YTL-Biggest Non-GLC?

Hear ye! Hear ye!

YTL Corp has a hefty cash reserves of  RM10.8bil!

With this chunky treasure trove, it is little wonder that YTL Corp Bhd has emerged to be the largest non-government-linked company in this year’s Malaysian Business Magazine Top 100 Companies survey of Malaysia’s largest listed companies.

YTL Corp said the group moved up to No. 5 from No. 20 previously in the list of Malaysia’s largest listed companies while its subsidiary, YTL Power International Bhd, soared 23 rungs to secure the eighth spot.

With its cash reserves amounting to about RM10.8bil, analysts said YTL Corp could easily acquire assets up to US$25bil-US$30bil without the need to raise more money.

It had been reported that the group was looking at acquisition opportunities in the water utilities, power generation and cement businesses, especially in China where it wanted to grow its presence in cement and power generation.

YTL Corp said that riding on its long history and impeccable track record, the group’s portfolio of businesses had grown tremendously over the last decade and now spanned across Asia-Pacific and Europe.

This strategy had generated excellent returns for shareholders, successfully contributing to an annual average compounded growth rate of 55% over the last 15 years.

YTL is here to stay,my friends...........