MARC downgrades YNH's sukuk to BBIS, with negative outlook

The downgrade was made as MARC removed the programme from its negative watch, in which it has been placed since Jan 18 due to YNH's weak financial position, delayed asset disposals and material issues concerning its key shareholder that have compounded the challenges that the group faces to address its weakening credit profile, MARC said in a statement.

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Elmina Ridge 1 sees 98% take-up after weekend launch

Elmina Ridge offers new era, nature-inspired living such as modern biophilic homes, “designed to harmonise with nature by integrating spacious living areas, an indoor skylight planting area, and sustainable features such as readily fitted solar panels and batteries, EV isolator point and thermal roof insulation”.

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