YNH formalises MOU to build and lease hospital in Sri Manjung

KUALA LUMPUR: YNH Property Bhd had formalised a memorandum of understanding via the master collaboration agreement with Pantai Hospitals Sdn Bhd on Nov 16 to construct and lease a private hospital in the Manjung Point township located in Sri Manjung, Perak, said YNH in a filing to Bursa Malaysia on Nov 17.

Pantai Hospitals is a wholly owned subsidiary of Pantai Holdings Bhd.

In its previous filing to Bursa on Feb 19, YNH’s executive chairman Datuk Dr Yu Kuan Chon said a Pantai Hospital would add value and provide first class medical facilities and services to existing and future developments in the Manjung Point Township in Sri Manjung, Perak.

The YNH Group is active with its township development in Manjung, Perak, and property developments in Kuala Lumpur city centre and Mont’Kiara.

The group is looking at a gross development value of more than RM6 billion in the next four to five years in its developments in both the Klang Valley and Manjung, which has been identified for residential and commercial developments.