Two directors resign from YNH Property
Ching and Ding have both reached the tenure limit allowed for independent directors after serving the company for over 12 years, according to the group’s filing on the local bourse on Wednesday (May 31).
Ching and Ding have both reached the tenure limit allowed for independent directors after serving the company for over 12 years, according to the group’s filing on the local bourse on Wednesday (May 31).
Block A has a total of 477 units with built-ups ranging from 560 sq ft to 1,050 sq ft with a starting price of RM294,000.
Aside from a land asset, the deal includes the sale of the two semi-detached buildings to Matang, which will be developed by Star Media at an estimated cost of RM14.
Its subsidiary Chin Hin Group Property Bhd is planning two new launches in 2023, being Avantro Residences in Bandar Kinrara and Ayanna Resort Residences in Bukit Jalil, with a total gross development value (GDV) of RM1.
The company is changing its financial year-end to June 30 from December 31, due to the change in internal operations.
The group — comprising KLCCP and KLCC REIT — saw quarterly revenue grow 18.
The firm’s director of research Sulaiman Saheh highlighted that there were 89,179 transactions worth RM42.
Residents who live in secluded developments may not have to endure these youthful disport but it can really impact the life quality of those unable to avoid the throttle roars.
Group managing director Datuk Azmir Merican: I think it is a difficult time especially today, as you see a lot of price increases.
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.