MK 163 going to sell to Sunway reit for 215mil,land in desa sri hartamas going to sell to sunway group for 170mil,added up is 385mil.Market cap for ynh today is around 340mil,why buying 2 parcels of lands paying more than the whole ynh value? Guess sunway might buy out ynh,just my 2 cents
Do u know how much debt YNH had before commenting?
How do you know, he is a singaporean? I don't think Singaporean would want to buy KLSE stocks? They normally go for US stock. Sometime, they always look down on us because we go and work there even though we work hard. Hence, do you think they trust our business? Not all but kinda like stereotype. In fact, some are like a gem.
majority shares held by insiders so the gang control the price, push up to attract retailers, then slowly sell.... this week below 0.50?? read the expose... what happen if there are arrest???
Developer YNH Property Bhd has redesignated its senior independent, non-executive director Khong Kam Hou as chairman of its audit committee to help the group in fulfilling its oversight and fiduciary duties.
3158 YNHPROP YNH PROPERTY BHD TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) 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") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Masih hidup , mereka belum mati lagi. Beli ya hehe
BOARD OF DIRECTORS Dato' Dr. Yu Kuan Chon DIMP, PPT, MBBS 61 years of age Malaysian, Male
Chairman, Executive Director He was appointed to the Board of the Company on 3 September 2003 and subsequently as Chairman of the Company on 20 February 2004. After graduating with a medical degree in 1988, he started work as a houseman in Klang and continued as a medical officer a year later. Subsequently, he has also served as a medical officer in Ipoh and Taiping hospitals, Perak. In 1995, he left the government service and started assisting the family business.
He is also a Non-Executive and Non-Independent Director of Rapid Synergy Berhad, a public company listed on the Main Market of Bursa Malaysia Securities Berhad.
He has attended all nine (9) Board of Directors' Meetings held during the financial period ended 30 June 2023.
He is the brother of Dato' Yu Kuan Huat, DPMP, PMP, AMP, PPT. He is also a substantial shareholder of the Company.
He has not been convicted of any offences in the last five years.
Dato' Yu Kuan Huat DPMP, PMP, AMP, PPT 65 years of age Malaysian, Male
Managing Director Member, Remuneration Committee He was appointed to the Board of the Company on 3 September 2003 and subsequently as Managing Director on 8 October 2003. Prior to his appointment to the Board of the Company, he was a Managing and Founder Director of Kar Sin Berhad, which is now a wholly-owned subsidiary of the Company. He has over 30 years of experience in property development, construction, money lending and aquaculture.
He is an Alternate Director to Dato' Dr. Yu Kuan Chon, DIMP, PPT, MBBS of Rapid Synergy Berhad, a public company listed on the Main Market of Bursa Malaysia Securities Berhad.
He has attended all nine (9) Board of Directors' Meetings held during the financial period ended 30 June 2023.
He does not hold any directorship in any other public listed company. He is also a substantial shareholder of the Company. He and Dato' Dr. Yu Kuan Chon, DIMP, PPT, MBBS are brothers.
He has not been convicted of any offences in the last five years.
Senior Independent and Non-Executive Director Member, Audit Committee Member, Nominating Committee Member, Remuneration Committee He was appointed to the Board of the Company as Senior Independent and Non-Executive Director on 31 March 2023. He was also appointed as a member of the Board Committee. He has graduated from the University of Malaya with a Bachelor in Economics in 1974 and joined the Department of Inland Revenue, Ministry of Finance in early 1975 as a tax cadet officer. He served in the important units in the Inland Revenue Department, namely tax assessment, corporate tax and tax investigation from 1975 to 1991. He opted out as a senior tax officer in 1992 and started his practice as a licensed tax consultant from 1992 to 2019.
Since his appointment to the Board of the Company, he has attended three (3) Board of Directors' Meetings held during the financial period ended 30 June 2023.
He does not have any family relationship with any other director and/or major shareholder of the Company and has no conflict of interest with the Company.
He has not been convicted of any offences in the last five years.
Ching Lee Fong 45 years of age Malaysian, Male
Independent and Non-Executive Director Member, Audit Committee Member, Nominating Committee Member, Remuneration Committee He was appointed to the Board of the Company as Independent and Non-Executive Director on 31 March 2023. He was also appointed as a member of the Board Committee. He has graduated from the University Technologi Malaysia in Bachelor of Engineering (Electrical & Electronics).
Currently he is serving Intel Microelectronics Sdn Bhd as a Senior Engineer. He has over 23 years of engineering experience in electrical and electronics aspect of the industry.
Since his appointment to the Board of the Company, he has attended three (3) Board of Directors' Meetings held during the financial period ended 30 June 2023.
He has no conflict of interest with the Company and has not been convicted of any offences in the last five years.
Leveraging Strengthened Balance Sheet for RM 1.2 Billion Project Rollouts in 2024 Oct 30
YNH Upcoming Launch: Residensi Bangsar South, next to Klang River.
YNH PROPERTY BERHAD ("YNH") is poised for an impressive 2024. The company's recent strides, including the landmark project Kiara 163 and its strategic sale, signal a robust financial year ahead.
Recent Achievements:
Our recently completed Kiara 163 stands as a testament to our commitment to excellence and our capability in delivering successful projects. We are also thrilled to announce the sale of the Kiara 163 mall, a significant step that will notably enhance our balance sheet.
Financial Highlights:
The aforementioned sale not only underscores our strategic decision-making but also promises to augment our financial strength. We are also observing favorable financial trends in various segments, and will continue our endeavors in cost-saving measures and diversifying revenue streams.
Projects on the Horizon:
YNH is gearing up for a series of significant project launches. In Bangsar South, the anticipated Residensi Bangsar Selatan aims for a GDV of RM 438m. Meanwhile, new endeavors are slated for Manjung with a combined potential GDV of RM 140m. On it’s progress in joint venture developments, the Lot 400 joint venture located at Lumut promises luxury bungalows and semi-detached homes with pristine sea views, targeting an initial GDV of RM 130m. Additionally, a housing development in Kuala Pilah is in the pipeline, with a projected GDV of RM 533m and its first phase featuring 522 terrace homes.
With the release of recent annual report for the financial period ended 30 June 2023, the auditor has provided a true and fair view on the financial position, with exception on certain joint venture and turnkey agreements to determined upon the conclusion of the ongoing review with the relevant parties.
YNH Upcoming Launch: Affordable housing, 1-storey Terrace in Kuala Pilah
Good value, but some... Hehehe YNH has valuable parcels of land that should attract predators.
Unlike other distressed companies such as Serba Dinamik Holdings Bhd, whose contracts were questionable and where value cannot be attached, YNH has parcels of land that are tangible. There is value to the company and unless Dr Yu arms himself with loads of cash to mop up the shares, another party may take over the reins.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bmw X5
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Posted by Bmw X5 > 2024-02-20 20:16 | Report Abuse
my guess ...Its for the insider to know and for us ikan billis to find out !!!