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") |
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Disposal.
We refer to the announcements made on 16 May 2023, 14 August 2023 and 13 October 2023 in relation to the Proposed Disposal (“Announcements”).
The Board of Directors of YNH wishes to announce that Kar Sin Berhad (“the Vendor”) had on 10 November 2023 executed a Supplemental Agreement in respect of the Sale and Purchase Agreement dated 12 May 2023 (“Supplemental SPA”) with the following parties to vary certain terms and conditions of the SPA including a further extension of the Conditional Period (herein referred to as "3rd Extension of Time") in relation to the Proposed Disposal:
- Imbuhan Sempurna Sdn. Bhd., the Registered Proprietor;
- Great Wall Park Sdn. Bhd., the First Beneficial Owner;
- Sunway Living Space Sdn Bhd, the Purchaser
Please refer to the attachment for further details on the Supplemental SPA.
This announcement is dated 14 November 2023.
Please refer attachment below.
Announcement Info
| Company Name | YNH PROPERTY BERHAD |
| Stock Name | YNHPROP |
| Date Announced | 14 Nov 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13112023-00005 |
Attachments
- (FINAL)YNH-Attachment-Bursa_Ann-14.11.2023.pdf (Size: 188,567 bytes)