Approximately RM4.1 million had been spent for the construction of these two amenities.

Earnings per share increased to 3.41 sen from 2.41 sen. 

Avillion and 23 of its subsidiaries were listed among the 71 assets in the Malaysian Anti-Corruption Commission’s charge sheet, in its case against Daim.

YNH said its wholly-owned D’Kiara Place Sdn Bhd has inked a sale and purchase agreement with RHB Trustees Bhd, the trustee of Sunway REIT, for the sale of the seven-storey retail shopping centre.

Together, the settlement is expected to result in a net financial impact of RM15.2 million on the local-listed property player.

Its wholly owned subsidiary Optimal Property Management Sdn Bhd has accepted an interim settlement proposal (ISP) with Kolej Teknologi Islam Melaka Bhd (KTIMB) over its default and outstanding debts of RM58.9 million.

The related party transaction will see Sunsuria raise its stake in the property developer to 84%, from 51% currently.

Property subsectors including logistic warehouses, data centres and Grade A premium offices are expected to have the most positive growth this year, following their positive trends in demand, rental rates and market sentiment in 2023, according to JLL Malaysia managing director Jamie Tan when presenting at the JLL Greater Kuala Lumpur Property Market Monitor 4Q2023 press conference on Jan 29.

The counter saw a trading volume of 23.6 million shares, over four times its 200-day average volume of 5.65 million.

YNH Property has emerged as the second most active stock on Bursa Malaysia after Monday’s opening bell, with 97.6 million shares changing hands.