Yong Tai active, up 3.57% on condotel plan

KUALA LUMPUR (July 18): Property developer Yong Tai Bhd’ shares rose 3.57% in active trade this morning after the company said it is set to launch its latest project, a condominium-hotel (condotel) called The Dawn at Impression City in Kota Laksamana, Melaka, this weekend.

At 9.43am, Yong Tai rose 5 sen to RM1.45 with 1.72 million shares done.

Yong Tai said The Dawn @ Impression City will be built on a five-acre site comprising one 28-storey block and one 29-storey block. It is the first series of hotels in the 138-acre Impression City. — theedgemarkets.com

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