Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
YNH PROPERTY BHD ("YNH" OR "the Company") PROPOSED DISPOSAL BY KAR SIN BERHAD, A WHOLLY-OWNED SUBSIDIARY OF YNH OF PROPERTY ON ALL THAT FREEHOLD VACANT LAND IN THE MUKIM OF KUALA LUMPUR, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR FOR A TOTAL CASH CONSIDERATION OF RM170.00 MILLION ONLY TO SUNWAY LIVING SPACE SDN BHD ("PROPOSED DISPOSAL") |
Reference is made to the Company’s announcements on 16 May 2023 and 14 August 2023 in relation to the Proposed Disposal. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcement.
The Board of Directors of YNH wishes to announce that Kar Sin Berhad, the Vendor and Sunway Living Space Sdn Bhd, the Purchaser had on 12 October 2023 mutually agreed to extend the Conditional Period (as defined in the Sale and Purchase Agreement dated 12 May 2023) for a further one (1) month after expiry of the initial extension of two (2) months period, thereby extending the last day of the Conditional Period to 12 November 2023 for YNH to fulfill all Conditions Precedent of the SPA (regard as "2nd Extension of Time").
This announcement is dated 13 October 2023.
Announcement Info
| Company Name | YNH PROPERTY BERHAD |
| Stock Name | YNHPROP |
| Date Announced | 13 Oct 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13102023-00007 |