Apart from that, Yeoh also says YTL is planning to inject more hotels it currently owns into YTL REIT. “In the YTL Corp Bhd group, we have positive earnings before interest, taxes, depreciation and amortisation even during Covid-19. YTL Corp is the single largest shareholder and has an effective 58.63% stake in YTL REIT while the Yeoh family, through various companies, effectively owns 64.50% of the REIT.The larger YTL group also has, in its stable, several other hotels that are not part of YTL REIT, and Yeoh says there are plans for some of these hotels to be injected into YTL REIT. “We would like to see as many hotels as possible going into YTL REIT. He notes that the YTL Corp group is fundamentally strong with positive cashflow.
