{"id":20585,"date":"2021-06-30T07:39:00","date_gmt":"2021-06-30T07:39:00","guid":{"rendered":"https:\/\/www.ybventures.com\/demo\/?p=20585"},"modified":"2026-06-12T02:50:40","modified_gmt":"2026-06-12T02:50:40","slug":"yb-ventures-rolls-out-tiles-solutions-with-sustainability-driven-facelift-2","status":"publish","type":"post","link":"https:\/\/www.ybventures.com\/demo\/yb-ventures-rolls-out-tiles-solutions-with-sustainability-driven-facelift-2\/","title":{"rendered":"YB Ventures shareholders approve right issue exercise"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20585\" class=\"elementor elementor-20585\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29c6df0e e-flex e-con-boxed e-con e-parent\" data-id=\"29c6df0e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-40448446 elementor-widget elementor-widget-text-editor\" data-id=\"40448446\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t\n<figure class=\"wp-block-image size-large\">\n<figcaption>\n<figure class=\"wp-block-image size-large\">\n<figcaption>Executive director Au Yee Boon said shareholders had shown their support and confidence in its prospects.<\/figcaption>\n<\/figure>\n<p class=\"wp-block-paragraph\">KUALA LUMPUR: YB Ventures Bhd (YVB) has received shareholders approval to undertake the issuance of the irredeemable convertible unsecured loan stocks (ICULS).<\/p>\n<p>Executive director Au Yee Boon said shareholders had shown their support and confidence in its prospects.<\/p>\n<p>\u201cWe are confident that following the planned production capacity expansion with the proceeds raised, YVB will be fully equipped to implement its strategic plan and capitalise on the recovery of its operating markets,\u201d he said in a statement today.<\/p>\n<p>The rights issue entails listing up to 1.21 billion ICULS, based on five\u00a0 ICULS at RM0.04 each for every one existing ordinary share in the company.<\/p>\n<p>Under the maximum subscription level, the company will raise RM48.5 million from the issuance of the ICULS.<\/p>\n<p>Chairman Tan Sri Dr Ali Hamsa applauded YVB management for taking this bold decision to ramp up the company\u2019s capacity by 50 per cent amid the Covid-19 pandemic.<\/p>\n<p>\u201cThis shows that YVB has strong confidence in its prospects ahead, and I believe the company will be able to reap the benefits once the situation returns to normalcy,\u201d he said.<\/p>\n<p>YVB intends to utilise most of the proceeds raised to upgrade existing production lines and construct four new production lines, costing approximately RM45.6 million.<\/p>\n<p>For context, YVB\u2019s existing manufacturing facilities comprise eight production lines, with a production capacity of approximately 7.12 million sq metres of ceramic, homogenous and porcelain tiles annually.<\/p>\n<p>\u201cAfter deliberation with the management team, we have decided to embark on this funding option, as it enables the company to raise funds without incurring high-interest costs compared to borrowings from financial institutions.<\/p>\n<p>\u201cThe 0.10 per cent annual coupon payment on the nominal value of the ICULS is much lower than the base lending rate of financial institutions,\u201d Au added.<\/p>\n<p>In April 2021, YVB saw a strong interest among the Real Estate &amp; Housing Developers\u2019 Association (REHDA) in the company\u2019s new flagship product, the Talos Living Tiles, which is the first negative ion tiles launched in Malaysia.<\/p>\n<p>According to Au, the launch of Talos Living Tiles is a step-up for YVB as it moves towards the premium segment.<\/p>\n<p>Source:\u00a0<a href=\"https:\/\/web.archive.org\/web\/20250519012813\/https:\/\/www.nst.com.my\/business\/2021\/06\/703870\/yb-ventures-shareholders-approve-right-issue-exercise\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.nst.com.my\/business\/2021\/06\/703870\/yb-ventures-shareholders-approve-right-issue-exercise<\/a><\/p>\n<\/figcaption>\n<\/figure>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-369724c e-flex e-con-boxed e-con e-parent\" data-id=\"369724c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a76b6a7 elementor-widget elementor-widget-html\" data-id=\"a76b6a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\n    .witr_btn:hover {\n        filter: brightness(70%);\n    }\n    a.dtbtn{\n        background-color: #4D4D4D;\n    }\n    a.dtbtn:hover{\n        background-color: #4D4D4D;\n        filter: brightness(70%);\n    }\n    .defaultsearch button{\n        background-color: #e9ce65;\n    }\n    .defaultsearch button:hover{\n        background-color: #e9ce65;\n        filter: brightness(70%);\n    }\n    .blog-left-side .widget h2{\n        border-bottom: 5px double #e9ce65;\n    }\n    .blog-left-side .widget h2::after, .blog-left-side .widget h2::before{\n        border: 6px solid #e9ce65;\n    }\n    .themex-blog-meta-left i{\n        color: #e9ce65;\n    }\n    .themex-blog-meta-left a:hover, .themex-blog-meta-left span:hover{\n        color: #888888;\n    }\n    .themex-blog-meta a {\n        display: none !important; 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KUALA LUMPUR: YB Ventures Bhd (YVB) has received shareholders approval to undertake the issuance of the irredeemable convertible unsecured loan stocks (ICULS). Executive director Au Yee Boon said shareholders had shown their support and confidence in its prospects. \u201cWe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20766,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/comments?post=20585"}],"version-history":[{"count":10,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20585\/revisions"}],"predecessor-version":[{"id":20768,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20585\/revisions\/20768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/media\/20766"}],"wp:attachment":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/media?parent=20585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/categories?post=20585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/tags?post=20585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}