{"id":20614,"date":"2021-07-23T08:15:00","date_gmt":"2021-07-23T08:15:00","guid":{"rendered":"https:\/\/www.ybventures.com\/demo\/?p=20614"},"modified":"2026-06-12T03:16:04","modified_gmt":"2026-06-12T03:16:04","slug":"yb-ventures-to-tap-renewable-energy-market-incorporates-new-subsidiary","status":"publish","type":"post","link":"https:\/\/www.ybventures.com\/demo\/yb-ventures-to-tap-renewable-energy-market-incorporates-new-subsidiary\/","title":{"rendered":"YB Ventures to tap renewable energy market, incorporates new subsidiary"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20614\" class=\"elementor elementor-20614\">\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<figure class=\"wp-block-image size-large\">\n<figcaption>\n<figure class=\"wp-block-image size-large\">\n<figcaption>\n<p>LEADING tiles manufacturer and information technology outfit YB Ventures Bhd (formerly Yi-Lai Bhd) is gearing up to make its maiden foray into the multi-billion ringgit renewable energy (RE) industry in Malaysia.<\/p>\n<p>Towards this end, the group has formed a new wholly-owned subsidiary \u2013 YB Renewable Energy Sdn Bhd (YBRESB) \u2013 to undertake activities related to RE in Malaysia.<\/p>\n<p>\u201cThe incorporation of YBRESB opens up a new range of possibilities to continue to diversify our business,\u201d commented YB Ventures\u2019 executive director Au Yee Boon.<\/p>\n<p>\u201cWe are confident that this will be a key business segment to the group and we will continue to explore opportunities that add value and strengthen our presence in the RE sector.\u201d<\/p>\n<div id=\"attachment_73955\" class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" class=\"wp-image-73955\" src=\"https:\/\/web.archive.org\/web\/20250616005040im_\/https:\/\/focusmalaysia.my\/wp-content\/uploads\/Au-Yee-Boon-290x375.jpg\" alt=\"\" \/>\n<figcaption><em>Au Yee Boon<\/em><\/figcaption>\n<\/figure>\n<\/div>\n<p>According to a Bursa Malaysia filing by YB Ventures yesterday (July 22), save for Au and Lee Boon Siong (fellow executive director) who are the promoters of YBRESB, none of the company\u2019s directors and substantial shareholders have any interest, direct or indirect in the incorporation of the RE business.<\/p>\n<p>\u201cThe board of directors of YB Ventures is of the opinion that the incorporation of YBRESB is in the best interest of the company,\u201d the announcement pointed out.<\/p>\n<p>Without divulging into details, Au said the management of YB Ventures is currently engaged in a few discussions that would potentially transform the company into a key player in the RE sector vis-\u00e0-vis the acquisition of earnings-accretive assets that will provide strong recurring income to the group.<\/p>\n<p>Moving forward, Malaysia is expected to more than double its RE capacity from 6gw (gigawatt) to 14gw, rising from 18% to 30% of the generation mix.<\/p>\n<p>While the overarching ambition of non-hydropower renewables reaching 20% of the energy mix by 2025 may be overly optimistic, it is clear that large-scale solar (LSS) investment remains a major technical and financial opportunity for Malaysia, according to Boston Consulting Group\u2019s managing director and Southeast Asia leader (climate action) Dave Sivaprasad.<\/p>\n<p>Solar photovoltaic (PV) has by far the highest technical potential in Malaysia, and is supported by mechanisms to promote affordability.<\/p>\n<p>Malaysia allows installation of solar for self-consumption with its Net Energy Metering Programme (NEM) providing a pathway to self-generation with excess energy sold back into the grid.<\/p>\n<p>\u201cThe nation\u2019s LSS projects offer a successful pathway to utility-scale solar adoption,\u201d added Sivaprasad.<\/p>\n<p>YB Ventures closed 4.5 sen or 8.57% higher at 57 sen yesterday (July 22) with 1.55 million shares traded, thus valuing the company at RM137 mil. \u2013 July 23, 2021<\/p>\n<\/figcaption>\n<\/figure>\n<\/figcaption>\n<\/figure>\n<p><!-- \/wp:group --><\/p>\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\" 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Towards this end, the group has formed a new wholly-owned subsidiary \u2013 YB Renewable Energy Sdn Bhd (YBRESB) \u2013 to undertake activities related to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20614","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\/20614","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=20614"}],"version-history":[{"count":5,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20614\/revisions"}],"predecessor-version":[{"id":20619,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20614\/revisions\/20619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/media\/20770"}],"wp:attachment":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/media?parent=20614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/categories?post=20614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/tags?post=20614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}