# YTL Corporation

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Malaysian infrastructure conglomerate

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YTL Corporation Berhad Type Public Traded as MYX: 4677 and TYO: 1773 ISIN MYL4677OO000 Industry Conglomerate Founder Yeoh Tiong Lay Headquarters Malaysia Area served 11 countries and territories Malaysia Singapore Thailand Indonesia United Kingdom France Australia Japan Jordan China United Arab Emirates Key people Francis Yeoh Sock Ping (Chairman) Yeoh Seok Kian (MD) Revenue RM 29.62 billion (2023) Total assets RM 81.46 billion (2023) Number of employees 12,627 Website www.ytl.com.my

**YTL Corporation Berhad** is a [Malaysian](/source/Malaysia) [multinational company](/source/Multinational_corporation) mainly focused on building infrastructure. Founded by [Yeoh Tiong Lay](/source/Yeoh_Tiong_Lay) in 1955, it has grown into a major conglomerate with listings on the [Bursa Malaysia](/source/Bursa_Malaysia) (Kuala Lumpur Stock Exchange), the [FTSE Bursa Malaysia KLCI](/source/FTSE_Bursa_Malaysia_KLCI), the MSCI Malaysia Index, and the Prime Market Foreign Stocks Segment of the [Tokyo Stock Exchange](/source/Tokyo_Stock_Exchange). In 1996, it made history as the first non-Japanese Asian company to be listed there.[1]

## Subsidiaries

In June 2024, YTL's total [financial capital](/source/Financial_capital) was approximately RM100 billion. YTL Corp also has interest in Starhill Global REIT, a Singapore-listed entity that owns prime retail assets in Singapore, Malaysia, Japan, China, and Australia.[1]

YTL operates through its subsidiaries in various sectors but predominantly in major infrastructure for [power generation](/source/Power_station) and water and sewerage services. Other activities include [cement](/source/Cement) manufacturing, property development, hotel and resort management, telecommunications, digital banking, data centers and cloud computing, [artificial intelligence](/source/Artificial_intelligence) and education. Utilities constitute the largest portion of the company's revenue at 71%, followed by cement manufacturing at 16%, construction and hotel operations each at 4%, with the remaining revenue distributed among other sectors.[2]

Subsidiary Business YTL Power International Utility, cloud computing YTL Cement Construction material YTL Construction Construction YTL Land and Development Property development YTL Hospitality REIT Hospitality YTL Communications Telecommunication Express Rail Link Transportation

## Operations

### Malaysia

YTL's core operations are concentrated in Malaysia. YTL Power International is a major player in the country's power generation and water sectors, operating 1,212MW combined cycle power plant at Paka, [Terengganu](/source/Terengganu), and Pasir Gudang, [Johor](/source/Johor). YTL Communications provide telecommunication services under the YES brand. YTL Construction has undertaken large-scale infrastructure projects across the country, including power plants, airports, hospitals, railway lines, and commercial and residential buildings. YTL Land is responsible for property development, with a significant land bank and townships like [Sentul](/source/Sentul%2C_Kuala_Lumpur) in Kuala Lumpur. YTL Hospitality REIT manages and develops a portfolio of renowned hospitality properties like Pangkor Laut Resort and The Ritz-Carlton, Kuala Lumpur. [Express Rail Link](/source/Express_Rail_Link) operates the [KLIA Ekspres](/source/KLIA_Ekspres) and [KLIA Transit](/source/KLIA_Transit) high-speed rail services connecting [Kuala Lumpur International Airport](/source/Kuala_Lumpur_International_Airport) (KLIA) with [Kuala Lumpur Sentral](/source/Kuala_Lumpur_Sentral_station).[3]

YTL Data Center Holdings, a subsidiary of YTL Power operates data centers in Sentul, Kuala Lumpur and Kulai, Johor. The Green Data Center Park in Kulai is host to Nvidia's cloud computing supercomputers focusing on artificial intelligence application.[4]

In May 2024, YTL Power emerges as substantial shareholder of [Ranhill Utilities](/source/Ranhill_Utilities), a utility company operating water treatment plant in Johor and power generation plant in Sabah.[5]

### Singapore

YTL Power owns and operates YTL [PowerSeraya](/source/PowerSeraya) in Singapore, a company with a total licensed generation capacity of 3,100 megawatts and involved in multi-utility operations.[6] Additionally, YTL Corp has a significant stake in Starhill Global REIT, a Singapore-based Real Estate Investment Trust (REIT) that invests in prime retail and office properties across Singapore, Malaysia, Japan, and China.

In July 2024, YTL announced its intention to expand into the industrialized building systems sector through YTL Cement Bhd, which plans to acquire a significant stake in NSL Ltd, a company based in Singapore.[7]

### United Kingdom

YTL's presence in the United Kingdom is through [Wessex Water](/source/Wessex_Water), a water and sewerage provider serving 2.9 million customers.[8] YTL Developments UK Limited is another venture undertaking the development of [Brabazon](/source/Brabazon%2C_Bristol), a mixed-use property project on the historic [Filton Airfield](/source/Bristol_Filton_Airport) site in [Bristol](/source/Bristol).[9]

### Other Countries

YTL Power has investments in power generation companies PT Jawa Power and PT Jawa Timur in Indonesia, and [Attarat Power](/source/Attarat_Power_Plant) in Jordan.[10]

## Recent developments

### Data centre expansion (2026)

In April 2026, YTL Power International announced plans to accelerate the expansion of its Green Data Centre Park in Kulai, Johor, targeting a doubling of capacity to 1,000 megawatts within three years from the initially planned 500 megawatts. The company had secured commitments for up to 300 megawatts at the time of the announcement. YTL Power also indicated it was considering a separate listing of its data centre unit, as well as bond or sukuk issuances to fund the expansion.[11]

### YTL Cement acquires controlling stake in Cepco (2026)

In April 2026, YTL Cement Bhd acquired a 53.49% controlling equity interest in Concrete Engineering Products Bhd (Cepco), a manufacturer of prestressed spun concrete piles and poles listed on the Main Market of Bursa Malaysia, for RM103.8 million at RM2.60 per share. The acquisition triggered a mandatory general offer for all remaining Cepco shares under the Capital Markets and Services Act. The offer price represented a premium of 39% to Cepco's last closing price prior to the announcement and a premium of 96.2% to its one-year volume weighted average price. YTL Cement stated its intention to maintain Cepco's listing status on Bursa Malaysia.[12]

## References

1. ^ [***a***](#cite_ref-:0_1-0) [***b***](#cite_ref-:0_1-1) ["YTL Corporation Berhad - About Us"](https://www.ytl.com/aboutus.asp). *www.ytl.com*. Retrieved 27 July 2024.

1. **[^](#cite_ref-2)** 2. AR2023 YTL Corp Group. [https://www.ytlesolutions.com/iims2/ytlcommunity/upload/financialreports/YTL%20Corporation%20Berhad_Annual%20Report%202023.pdf](https://www.ytlesolutions.com/iims2/ytlcommunity/upload/financialreports/YTL%20Corporation%20Berhad_Annual%20Report%202023.pdf).

1. **[^](#cite_ref-3)** Fakhri, Ameer (23 January 2024). ["ERL granted 30-year concession extension"](https://www.freemalaysiatoday.com/category/nation/2024/01/23/erl-granted-30-year-concession-extension/). *ERL granted 30-year concession extension*. Retrieved 25 July 2024.

1. **[^](#cite_ref-4)** Latiff, Rozanna (8 December 2023). ["Nvidia to partner Malaysia's YTL Power in $4.3 bln AI development project"](https://www.reuters.com/technology/nvidia-talks-with-malaysias-ytl-data-center-deal-sources-2023-12-08/). *Reuters*. Retrieved 24 March 2025.

1. **[^](#cite_ref-5)** ["Hamdan's surprise exit from Ranhill paves the way for YTL Power in Johor water sector"](https://theedgemalaysia.com/node/714831). *The Edge Malaysia*. 19 June 2024. Retrieved 23 March 2025.

1. **[^](#cite_ref-6)** Manohkaran, Jay Sheila (29 August 2023). ["YTL Power stock surged 163%. Still up for the ride?"](https://themalaysianreserve.com/2023/08/29/ytl-power-stock-surged-163-still-up-for-the-ride/). *The Malaysian Reserve*. Retrieved 25 July 2024.

1. **[^](#cite_ref-7)** ["YTL Cement to take controlling stake in Singapore's NSL for RM792m | New Straits Times"](https://www.nst.com.my/business/corporate/2024/07/1080742/ytl-cement-take-controlling-stake-singapores-nsl-rm792m). *www.nst.com.my*. 24 July 2024. Retrieved 27 July 2024.

1. **[^](#cite_ref-8)** ["Enron sells UK water firm"](http://news.bbc.co.uk/2/hi/business/1893736.stm). 26 March 2002. Retrieved 25 July 2024.

1. **[^](#cite_ref-9)** Roig, Estel Farell (11 January 2024). ["New neighbourhood on Bristol outskirts set for 1,500 student homes"](https://www.bristolpost.co.uk/news/bristol-news/brabazon-development-filton-airfield-secures-9027449). *Bristol Live*. Retrieved 25 July 2024.

1. **[^](#cite_ref-10)** Harinderan, K. (27 May 2024). ["Profit Decline Signals Need For YTL Power International To Take A Breather - BusinessToday"](https://www.businesstoday.com.my/2024/05/27/profit-decline-signals-need-for-ytl-power-international-to-take-a-breather/). *www.businesstoday.com.my/*. Retrieved 25 July 2024.

1. **[^](#cite_ref-11)** Choy Nyen Yiau (3 April 2026). ["YTL, YTL Power surge as data centre push lifts growth outlook"](https://theedgemalaysia.com/node/798570). *The Edge Malaysia*.

1. **[^](#cite_ref-12)** Ganeshwaran Kana (3 April 2026). ["YTL Cement takes control of Cepco with RM103.8mil stake"](https://www.thestar.com.my/business/business-news/2026/04/03/ytl-cement-takes-control-of-cepco-with-rm1038mil-stake). *The Star*.

## External links

- [Official website](http://www.ytl.com.my/)

v t e Constituents of the FTSE Bursa Malaysia KLCI As of 23 December 2019 AmBank Axiata CelcomDigi CIMB Genting Hong Leong Bank IHH Healthcare IOI Group KLK Maybank Malaysia Airports Maxis MISC Nestlé Petronas PPB Group Public Bank RHB Bank Sime Darby Tenaga Nasional Top Glove

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