Deed Of Revocation Of Development Agreement Entered Into Between Kar Sin Bhd (A Wholly-Owned Subsidiary Of The Company), New York Empire Sdn Bhd And Chin Hin Property (Segambut) Sdn Bhd

BackJul 18, 2025
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-17072025-00002
Subject DEED OF REVOCATION OF DEVELOPMENT AGREEMENT ENTERED INTO BETWEEN KAR SIN BHD (A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY), NEW YORK EMPIRE SDN BHD AND CHIN HIN PROPERTY (SEGAMBUT) SDN BHD
Description
YNH PROPERTY BHD ("YNH" OR "COMPANY") - DEED OF REVOCATION OF DEVELOPMENT AGREEMENT ENTERED INTO BETWEEN KAR SIN BHD (A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY), NEW YORK EMPIRE SDN BHD AND CHIN HIN PROPERTY (SEGAMBUT) SDN BHD
Query Letter Content

We refer to your Company's announcement dated 15 July 2025 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

1. Reason for the termination of the Development Agreement.

2. The consideration of the disposal of the land together with the basis and justification in arriving at the consideration.

3. Salient terms of the disposal of the land.

4. Net book value of the land and the estimated gain/loss on disposal.  

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

cc:-   Market Surveillance, Securities Commission

We refer to the query from Bursa Malaysia Securities Berhad (“Bursa Securities”) vide its letter dated 17 July 2025 in relation to the Deed of Revocation of Development Agreement entered into between Kar Sin Bhd (a wholly-owned subsidiary of the Company), New York Empire Sdn Bhd and Chin Hin Property (Segambut) Sdn Bhd.

 

Please find the Company's replies in the attachment below. 

 

This announcement is dated 18 July 2025.

 

Please refer attachment below.


Announcement Info

Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 18 Jul 2025
Category General Announcement for PLC
Reference Number GA1-18072025-00018

Attachments

  1. YNH-Ann-Reply_to_Query_dd_17.07.2025.pdf (Size: 1,291,027 bytes)