Becoming a Renewable Energy Player - YB Ventures Berhad (Ticker: 5048 YB)
Investment Highlight 1. Venturing into Renewable Energy 2. Core Business is Turning Around 3. Rights Issue to Fuel Its Expansion 4. IT Segment Start Contributing Earnings 5. To Acquire Another Main Market Listed Co 6. Subscribe to the Rights Issue to Ride on the Potential Share Price Appreciation Company Background YB Ventures Berhad (YB), formerly known as Yi-Lai Berhad, is a distinguished manufacturer of tiles that was established in 1990 in Kulai, Johor (listed in May 2002). The Company is the exclusive manufacturer of ALPHA TILES®, which is a major household name in construction, renovation and interior decoration. In 2020, through its 49%-stake in TechBase System, YB had made a significant milestone by diversifying the Group’s business to include the provision of Information Technology (IT) solutions in the field of blockchain technology solutions and system integration services. Its JV partner (TechBase Solution Sdn Bhd) has around 11 years of experience in providing IT solutio