YTL's founder transfers warrants to son, Seok Hong

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KUALA LUMPUR (Oct 8): Tan Sri Yeoh Yiong Lay, the patriarch and founder of YTL group, has transferred 8.99 million warrants (2008/2018) in YTL Power International Bhd to son, Datuk Yeoh Seok Hong.

The warrants, which expire on June 11, 2018, closed 2 sen lower at 48.5 sen today.

With an exercise price of RM1.21, the warrants were at a 10% premium to YTL Power's mother share that closed at RM1.54 today.