YNH Property Bhd ("YNH" Or "The Company") Proposed Acquisition of 4,230,000 Ordinary Shares of RM1.00 Each In D'kiara Place Sdn Bhd ("DKP") Representing The Balance 30% Equity Interest of DKP From DKLS Industries berhad ("DKLS") by Kar Sin Berhad ("KSB"), a Wholly-owned Subsidiary of YNH, For A Total Cash Consideration Of RM33,895,775.83 And An Indebtedness to DKLS By DKP Amounting To RM2,189,191.54.

BackJul 04, 2008
General Announcement
Reference No CC-080704-5951A

Company Name
:
 YNH PROPERTY BERHAD 
Stock Name
:
 YNHPROP
Date Announced
:
 04/07/2008


Type
:
 Announcement
Subject
:
YNH PROPERTY BHD ("YNH" or "the Company")
Proposed Acquisition of 4,230,000 ordinary shares of RM1.00 each in D'Kiara Place Sdn Bhd ("DKP") representing the balance 30% equity interest of DKP from DKLS Industries Berhad ("DKLS") by Kar Sin Berhad ("KSB"), a wholly-owned subsidiary of YNH, for a total cash consideration of RM33,895,775.83 and an indebtedness to DKLS by DKP amounting to RM2,189,191.54.

Contents
:
We refer to the announcement dated 21 March 2008 and 12 May 2008 in relation to the acquisition of DKP.

The Board of Directors of YNH is pleased to announce that the acquisition of DKP from DKLS had been duly completed on 4 July 2008.

Pursuant thereto, DKP is now a wholly-owned subsidiary company of KSB.

This announcement is dated 4 July 2008.