YNH gets shareholders' nod to sell KL, Perak retail assets for RM423m
The disposal will help to pare down bank borrowings and add working capital requirements for the group.
The disposal will help to pare down bank borrowings and add working capital requirements for the group.
The group stated that if it fails to issue the outstanding financial statements within five market days after the expiry of relevant timeframes, Bursa Securities shall suspend trading in its securities with effect on the next market day.
The increase in the revenue was mainly attributed by higher progress billings across key projects in the Klang Valley and Southern Region as well as higher property sales achieved during the financial period ended Dec 31, 2022.
The property developer declared a final dividend of 1.
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.
Share of results of JVs shot up to RM225.
Trading in the Practice Note 17 company's shares has been suspended since Nov 8 last year, pending the submission of the FY2022 annual report and 1QFY2023 financial report.
The higher six-month revenue was mainly due to higher contribution from the gaming segment, higher property progress billing reported by the property development and investment segments, as well as the hotels and resorts segment’s higher overall occupancy and average room rates.
YTL Hospitality Real Estate Investment Trust's (YTL REIT) net property income (NPI) rose to RM66 million in 2QFY23 from RM55 million in the preceding quarter, while income available for distribution increased to RM27 million from RM17.
The most notable jump was recorded by the group’s property development segment, whose revenue leapt 140.