YTL firms prices higher

YTL firms prices higher
Published: 25 March 2004

The shares of four YTL companies closed sharply higher on March 24 after they announced to split their shares.  YTL e-Solutions Bhd was among the day top gainers, rising 41 sen to close at RM1.76. It was traded from RM1.48 to RM1.90, with 5.63 million shares done. YTL Cement Bhd closed at its day high of RM5.30, up 30 sen.  YTL Land & Development Bhd was up 29 sen to close at RM2.70. It was traded from RM2.41 and RM2.74.  On Tuesday, YTL Power, YTL Cement and YTL Land each proposed to sub-divide each RM1 share into two 50 sen shares. YTL e-Solutions proposed to sub-divide each RM1 share into 10 shares of 10 each.  YTL Land also proposed to split each of its Class A and Class B RM1 irredeemable convertible preference shares (ICPS) respectively into two ICPS of 50 sen each.