Rapid Synergy says buyer of its Sri Hartamas land will pay in cash and property units
The industrial mould manufacturer said it signed an agreement on Tuesday to sell the land, measuring 4,716 sq m, to Exsim Putra Permai 45 Sdn Bhd.
The industrial mould manufacturer said it signed an agreement on Tuesday to sell the land, measuring 4,716 sq m, to Exsim Putra Permai 45 Sdn Bhd.
Rapid Synergy said the land in question is a freehold piece of land that was amalgamated from three parcels in Sri Hartamas here.
YNH Property was the third most active stock with a trading volume of 233.
“Bangsar Hill Park has been intentionally designed as purely residential condominiums to complement the commercial aspect in this vicinity.
This marks the third time that YNH, which is linked to prominent investor Datuk Dr Yu Kuan Chon, hit limit down within the past two weeks.
Rapid Synergy, YNH Property and Imaspro had received unusual market activity queries from Bursa Malaysia last week and had responded to the local stock exchange operator.
“If the response is positive, we will move on to the second phase with the Request for Proposal (RFP) stage to obtain detailed proposals from the selected consortia.
On Thursday, Rapid Synergy Bhd replied to Bursa's query about the steep drop in its share price, saying its management is currently considering proposals to sell certain landed properties of the company and its subsidiaries.
In response to Bursa's query on Thursday, industrial mould manufacturer Rapid Synergy said its management is currently considering proposals to sell certain landed properties of the company and its subsidiaries.
“The regulations for doing business in the Special Economic Zone must be streamlined, as in how to shorten the registration process and how to get the licences.