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    Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

    BackJan 26, 2017
    Type Announcement
    Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
    NON RELATED PARTY TRANSACTIONS
    Description

    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.


    Announcement Info

    Company Name YNH PROPERTY BERHAD
    Stock Name YNHPROP
    Date Announced 26 Jan 2017
    Category General Announcement for PLC
    Reference Number GA1-26012017-00063

     

    Please refer attachment below.

    Attachments

    1. YNH-Disposal_of_Pantai_Hospital_Mjg-final.pdf (Size: 247,911 bytes)