18th Dec 2012
PETALING JAYA: YTL Corp Bhd may have to wait a bit longer before making an offer to take listed subsidiary YTL Power International Bhd private, as the former's share price has come off quite a bit in recent months.
Most analysts believe YTL Corp would take YTL Power private via a share swap, as had happened with YTL Cement Bhd in February, because this would enable the Yeoh family, which has a 55% stake in YTL Corp, to preserve their cashflow and stake at the group level.
YTL Corp's share price has fallen 12.74% to RM1.85 since its June 20 peak this year.
