|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
YNH PROPERTY BHD ("YNH" OR "COMPANY") DISPOSAL OF PROPERTY COMPRISING A BUILDING WHICH IS A 5-STOREY HOSPITAL FACILITY CURRENTLY KNOWN AS PANTAI HOSPITAL MANJUNG ERECTED ON A PIECE OF LAND MEASURING APPROXIMATELY 19,986 SQUARE METERS LOCATED AT JALAN PPMP 1, PUSAT PERNIAGAAN MANJUNG POINT, 32040 SERI MANJUNG, PERAK BY YNH HOSPITALITY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CASH CONSIDERATION OF RM63,000,000.00
Reference is made to the announcement on 15 December 2016.
The Board of Directors of YNH wishes to announce that YNH Hospitality Sdn Bhd (“Vendor”), a wholly-owned subsidiary of YNH, had on 26 January 2017, entered into a sale and purchase agreement (“SPA”) with Pantai Medical Centre Sdn Bhd (“Purchaser”) for the disposal of a piece of land held under HSD 33527, Lot PT 17283 Mukim Lumut Daerah Manjung, Negeri Perak comprising an area of approximately 19,986 square meters on which has been erected a 5-storey hospital facility currently known as “Pantai Hospital Manjung” (“Property”) for a total cash consideration of RM63,000,000.00 (“Sales Consideration”) (“Disposal”).
Please refer to the attached file for the full text of the announcement.
This announcement is dated 26 January 2017.
|Company Name||YNH PROPERTY BERHAD|
|Date Announced||26 Jan 2017|
|Category||General Announcement for PLC|
Please refer attachment below.