YTLP-WB if fully converted, enlarge YTLP share capital by 16%. YTL corp initially control more than 92% stake in YTLP-WB, but selloff both open market and off market, reduce stake to 66.74% and subsequently offer for sale for 20sen under 1 for 15 for YTL corp shareholder. All in all, i expect Yeoh family to engulf most of it and expect its stake now to as much as 75% in WB, which if fully converted, will increase Yeoh direct stake in YTLP by another 12%.


YTLP have ESOS, granted 10% of total capital to director. its first tranche ESOS exercise at RM 1.49 and second tranche exercise price at RM 1.65. Based on announcement in bursa, Yeoh family entitle 87% of these 2 tranche ESOS, with remaining offer to other independent director of YTLP.