YNH Property Berhad ("YNHPROP" Or the "Company") Proposed private Placement of Up To 10% of the Enlarged Issued And Paid-up Share Capital Of The Company ("Proposed Private Placement")

General Announcement

Reference No MM-070524-55251

Submitting Merchant Bank	:	AMINVESTMENT BANK BERHAD
Company Name	:	YNH PROPERTY BERHAD
Stock Name	:	YNHPROP
Date Announced	:	24/05/2007

Type	:	Announcement
Subject	:	YNH PROPERTY BERHAD ("YNHPROP" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT")

Contents :

Reference is made to the announcement made on behalf of YNHProp on 3 May 2007.

On behalf of the Board of Directors of YNHProp, AmInvestment Bank Berhad (formerly known as AmMerchant Bank Berhad), a member of AmInvestment Bank Group ("AmInvestment Bank"), wishes to announce that the Securities Commission ("SC") had vide its letter dated 22 May 2007 (which was received on 24 May 2007), granted its approval for the Proposed Private Placement.

The SC had vide its letter dated 22 May 2007 approved the Proposed Private Placement subject to the following conditions:-

(i) YNHProp/ AmInvestment Bank to fully comply with the relevant provisions in Guidance Note 8C and other relevant requirements under the SC Policies and Guidelines on Issue/ Offer of Securities;

(ii) YNHProp to allocate at least 30% of the placement shares to Bumiputera investors or increasing its Bumiputera equity by 3.49% (or 15,249,180 new YNHProp shares) of the new enlarged issued and paid up share capital within 2 years from the date of the implementation of the Proposed Private Placement; and

(iii) YNHProp/ AmInvestment to inform the SC of the completion of the Proposed Private Placement.

This announcement is dated 24 May 2007.