News by JUSTIN LIM

Bursa Securities previously freezed the lower limit for both Rapid Synergy and YNH Property last Wednesday.  

The operating expenses increased due to higher electricity costs and routine lift maintenance that occurs every few years. 

YNH Property Bhd, in which prominent investor Datuk Dr Yu Kuan Chon is the largest shareholder with a 32.6% stake, shared details of a turnkey construction contract (TCA) in relation to a RM150 million land deal in Desa Sri Hartamas in response to a query from Bursa Malaysia.

Sentoria Group Bhd plans to raise up to RM150 million — more than three times its market capitalisation of RM40 million — from a redeemable convertible bonds issue to repay loans and finance property developments.

YNH Property Bhd, whose share price had tumbled 72% from a high of RM4.35 on Jan 4, revealed that it had proposed to purchase 5.1 acres of land here back in 2022 for RM150 million, cash, calling its non-disclosure of the deal earlier an "oversight".

Lim, 66, succeeds Datuk Abdul Majit Ahmad Khan, 78, who has resigned as the group’s independent and non-executive chairman. He was appointed to the position in August 2014.

This follows the issuance of 37 RFI documents, as part of the July 2023 exercise. 

Magna Prima Bhd extended its losses for a second consecutive trading day on Monday, after it was slapped with an unusual market activity (UMA) query by Bursa Securities last week.

Tuju Setia Bhd has bagged a RM209 million contract from Avaland Bhd (previously known as MCT Bhd) for the construction of two blocks of service apartments in USJ 25, Subang Jaya.

Both Rapid Synergy and Imaspro Corp Bhd, which received unusual market activity (UMA) queries from Bursa Malaysia on Wednesday (Jan 10), have responded to the local stock exchange operator.