Cessation of Memorandum of Understanding Between Kar Sin Berhad ("KSB"), a wholly owned subsidiary of The Company and capitaland Commercial And Integrated Development limited ("CCID") A Wholly Owned Subsidiary Of Capitaland Limited From Singapore
BackJun 27, 2007
General Announcement |
Reference No CC-070627-775A2 |
Company Name |
:
|
YNH PROPERTY BERHAD |
Stock Name |
:
|
YNHPROP |
Date Announced |
:
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27/06/2007 |
Type | : | Announcement |
Subject | : | Cessation of Memorandum of Understanding between Kar Sin Berhad ("KSB"), a wholly owned subsidiary of the Company and CapitaLand Commercial and Integrated Development Limited ("CCID") a wholly owned subsidiary of CapitaLand Limited from Singapore |
Contents :
The Board of Directors of YNH Property Bhd ("YNHP or the Company") wishes to announce that KSB,
a wholly owned subsidiary of the Company, had entered into a Memorandum of Understanding ("MOU") with CCID,
a wholly owned subsidiary of CapitaLand Limited on 20 December 2006 to jointly develop a prime freehold
site in Kuala Lumpur's Golden Triangle. Due to the MOU has lapsed and non-fulfillment of the conditions precedent
as stated in the MOU, YNHP will now develop the proposed development on its own.
This announcement is dated 27 June 2007.