An unknown buyer agreed to acquire a 30% stake in Yong Tai Berhad (KLSE:YONGTAI) from Siab (M) Sdn Bhd for MYR 3.5 million on May 8, 2023. Under the terms, 11.6205 million shares will be disposed of at a price of MYR 0.30 per share in cash. The gross proceeds to be raised from the Disposal of approximately RM3.48 million will be utilised for the purpose of payment to suppliers and vendors. Barring unforeseen circumstances, the Disposal is expected to be completed 1 trading day from May 8, 2023 being the settlement date of the direct business transaction.