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Dr Yu further raises stake in YNH Property

KUALA LUMPUR: Datuk Dr Yu Kuan Chon, the controlling shareholder of YNH Property Bhd, continues to mop up shares in the property firm, having bought an additional 1.472 million shares or  a 0.36% stake, through the off-market transaction yesterday.

In a filing with Bursa Malaysia, YNH Property said Yu now holds some 132.68 million shares or a 32.35% stake in the company, up from about 131.208 million shares or a 31.99% stake as of last Friday (Aug 22).

Currently, some 65.252 million shares or a 15.91% stake is directly held by Yu, while the remaining 67.428 million shares or a 16.44% stake is deemed interest.

Yu, 52, is the chairman and executive director of YNH Property.

Meanwhile, Yu’s elder brother Datuk Yu Kuan Huat, also saw his indirect stake in the company increase from 19.35% to 19.71%, following the latest share purchase.

Kuan Huat, 56, is the managing director of YNH Property.


This article first appeared in The Edge Financial Daily, on August 26, 2014.

 

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