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YONG Tai Bhd plans to restructure its existing business while diversifying its income stream to reduce its over-reliance on the property and tourism market.
Key areas that the company has ventured into include the distribution of vaccine and the expansion into gold mining in Pahang by focusing on collaboration with valued partners, according to its CEO Datuk Wira Boo Kuang Loon.
Among some of the restructuring plans are the monetisation of the Encore Melaka theatre, which the group is currently exploring through digital tokenisation.
This will make Yong Tai as one of the first Malaysian listed companies to tap on the potential of the blockchain space.
the group’s expansion into gold mining through its appointment as the sole and exclusive mining operator of an area covering 100 hectares (247.11 acres) in Pahang will be another key catalyst for earnings growth. The group has resumed the exploration and preparation works recently.
