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YNH Property Revokes Deal With Frazel, Inks Development Deal With Chin Hin Property, New York Empire
YNH Property (KLSE:YNHPROP) revoked its sale and purchase deal on the 2.6 hectare land in Kuala Lumpur, Malaysia, according to a Monday Malaysian bourse filing. The property developer revoked the deal
YNH says it has remedied 'technical default' involving sukuk programme
YNH Property Bhd (YNH) said it has remedied the "technical default" involving its sukuk programme that led to a downgrade of the company's rating by MARC Ratings recently, and assured that it will maintain compliance to prevent further technical defaults.
YNH Property Says Independent Review of Its JV, Turnkey Agreements Needs More Time
YNH Property Bhd said the independent review of its joint venture (JV) and turnkey construction agreements, which was initially slated to be completed this week, needs more time.
YNH Property in 'Technical Default' for Islamic MTN Programme; MARC Cuts Rating Further
YNH Property Bhd is deemed to be in a “technical default” for its Islamic medium-term notes programme (sukuk wakalah), according to the MARC Ratings, which downgraded its rating further to BBB-, from the BBB+ when it was first placed on negative watch in January this year.
YNH Says ALX Asset Can't Raise Enough Fund to Buy 163 Retail Park
YNH Property Bhd, whose share price has fallen off the cliff in recent weeks, explained that ALX Asset Bhd was not able to raise enough funds for the purchase of the former’s retail asset — 163 Retail Park.
YNH Property to Sell Retail Shopping Center for MYR215 Million
YNH Property (KLSE:YNHPROP) said its unit D'Kiara Place proposed to sell a seven-story retail shopping center, known as "163 Retail Park", for 215 million ringgit in cash. The deal is expected to clos
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