YNH Property’s loss attributable to ordinary equity shareholders narrows to RM1.27m in quarter ended March 31
The company is changing its financial year-end to June 30 from December 31, due to the change in internal operations.
The company is changing its financial year-end to June 30 from December 31, due to the change in internal operations.
On Thursday (May 25), YNH Property received a second query from Bursa Securities related to the land deal, and was required to provide its response within 24 hours.
Accessibility to the development includes the Sprint Penchala Link and Kerinchi Link as well as nearby amenities in Seri Hartamas and Mont'Kiara, such as shopping malls, international schools and medical facilities.
The developer said it had recently obtained a development order from the Kuala Pilah District Council (Majlis Daerah Kuala Pilah or MDKP) for 2,200 units of mixed development township.
The disposal will help to pare down bank borrowings and add working capital requirements for the group.
The developer said Menara YNH has been conceptualised to be a hallmark mixed development consisting of serviced apartments, hotels, SoHo, offices, as well as retail space strategically located within the central business district of Kuala Lumpur.
“The group's performance for this year was mainly derived from profit recognition from sales of inventories in Pangsapuri Samudera, and progressive profit recognition of Kiara 163 KL.
The company intends to securitise its two retail malls, namely 163 Retail Park at Mont’Kiara, Kuala Lumpur, and AEON Seri Manjung in Perak.
KUALA LUMPUR (March 7): Property developer YNH Property Bhd has made its issuance of sukuk wakalah amounting to an aggregate RM323 million in nominal value.
KUALA LUMPUR (June 22): YNH Property Bhd’s net profit slipped to RM3.