LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)

Geran 9851 Lot 379 Vacant Land and approved 1.75 Lumut Ria Freehold 3,844,000 2001
Town of Lumut, Perak for development Condominium,
Lumut – residential
Lot 6555 – PT 2786 Vacant Land and approved 0.65 Taman Desa, Freehold 195,000 1993
Mukim of Lumut for development Manjung Point –
Perak residential
Lot 5,6, (Lot 1791), Vacant Land and approved 1.04 Taman Seri Trong Perak, Freehold 329,000 1996
Lot 1105-1110 for development Taiping – commercial
(Trong), Perak
Lot 15541, Geran 7305 Vacant Land 4.04 Proposed mixed Freehold 1,296,000 2003
Mukim of Sitiawan development
Geran 21668 Lot 6274 Planted with oil palm tree 37.88 Proposed mixed Freehold 2,568,000 1989
Mukim Beruas, Perak and not approved for development –
development commercial and
residential
PT33990 (Lot 14785-14788 Vacant Land and approved 5.38 Proposed mixed Leasehold 4,200,000 2001
(old lot 26789-26793), for development development –
PT19589-PT19637) commercial and
Mukim Sitiawan, Perak residential
Lot 17768, PT4860 and Vacant Land and approved 5.08 Proposed mixed 99 years 4,818,000 2001
Lot 17769, PT4861 & PT4862 for development development – (29.04.2101)
Mukim Lumut, Perak commercial and
residential
Lot 803, EMR1616, Mukim Vacant Land and approved 2.97 Proposed mixed Freehold 1,279,000 2004 *
Sitiawan, Daerah Manjung, Perak for development development
Lot 716, Village of Simpang Vacant Land and approved 0.02 Proposed mixed Freehold 163,000 2005 *
Empat, Mukim Sitiawan, for development development
Daerah Manjung, Perak
Lot 717, Village of Simpang Vacant Land and approved 0.02 Proposed mixed Freehold 155,000 2005 *
Empat, Mukim Sitiawan, for development development
Daerah Manjung, Perak
Lot 721, Village of Simpang Vacant Land and approved 0.01 Proposed mixed Freehold 130,000 2005 *
Empat, Mukim Sitiawan, for development development
Daerah Manjung, Perak
Lot 722, undivided 1/3 land Vacant Land and approved 0.03 Proposed mixed Freehold 91,000 2005 *
under HSM 86/68, for development development
Mukim Sitiawan, Perak
Lot 188, Mukim Lumut, Vacant Land and approved 4.50 Proposed mixed Freehold 2,039,000 2005 *
Daerah Manjung, Perak for development development
Lot 5614 (GRN61063) and Vacant Land approved 14.74 Proposed mixed Freehold 660,000 2005 *
Lot 5615 (GRN61064), for development development
Mukim Batang Padang, Perak

LIST OF PROPERTIES (cont’d)
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)

Balance Lot 4818 Mukim Lumut Vacant Land and approved 0.45 Taman Samudera, 99 years 1,604,000 2001
(PT6677, 6678, 4118-4133 for development Phase 10 & 11 – (27.3.2093
4510-4592, 4673-4778, 4840- commercial and [PT 6677 &
4853, PN84692, PN84694) residential 6678] and
Perak 19.5.2091
[the rest])
Geran 7270-7273 Lot 14851-
14854 Mukim Sitiawan, Perak
Vacant Land and approved 23.87 Taman Limbungan, Freehold 5,966,000 2001
Geran 7274 Lot 14855 for development Kg. Acheh, Sitiawan –
Mukim Sitiawan (Old commercial and
Lot No. 34043) (Lot 31656) residential
Perak
Geran 7276 Lot 14857
Mukim Sitiawan (Old Lot
No. 34045)(Lot 21658)
Perak
GM 375 & 376 Lot 6493 & Vacant Land and approved 1.12 Proposed development Freehold 720,000 2001
6494 Mukim Lumut (Old EMR for development – commercial
No. 2424 Lot 4275), Perak
EMR 9488 Lot 9187 Mukim Vacant Land and approved Proposed mixed Freehold 63,000 2001
Sitiawan, Perak for development development –
commercial and
0.51 residential
49,000 2001
HS (M) 1528 PT1728 Vacant Land and approved Proposed mixed Freehold
Mukim Sitiawan, Perak for development development –
commercial and
residential
PT22973-PT22975, Bandar
Baru, Sri Manjung, Perak
- Commercial Complex Vacant Land and approved 0.38 Commercial 99 years
for development Land, Jalan (25.2.2101) 564,000
Lumut, Sri Manjung 2001
- Shops unit 0.08 Commercial 99 years 117,000
(25.2.2101) 2001
Lot 246 Village of Vacant Land and approved 2.90 Taman Delima, Freehold 455,000 2001
Pekan Gurney, Perak for development Ayer Tawar – residential
Lot 4818 Mukim Lumut Vacant Land and approved 2.27 Taman Samudera, 99 years 3,523,000 2001
HS (D) Dgs 3618-3663 for development Sri Manjung – (29.9.2094)
(Lot 10685)-Hawker Center commercial and
Perak residential
Geran 18770 Lot 3335 Vacant Land and approved 18.20 Taman Bintang, Freehold 3,455,000 2001
Mukim Pengkalan Bharu for development Pantai Remis –
Perak commercial and
residential

LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)

CT 17320 Lot 117 Vacant Land and approved for 0.83 Proposed mixed Freehold 541,000 2001
Town of Lumut, Perak development development
– commercial and
residential
EMR 379 Lot 380 Mukim Vacant Land and approved 1.37 Proposed mixed Freehold 361,000 2001
Pengkalan Bharu, Perak for development development

HS (D) Dgs 1042/78 Lot 5493 Planted with oil palm tree and 7.60 Taman Layar, Kg. Freehold 2,890,000 2001
(New lot 13100) approved for development Acheh, Sitiawan
Mukim Lumut, Perak – commercial
and residential

EMR 9714 Lot 10054 Planted with oil palm tree and 3.08 Proposed mixed Freehold 418,000 2001
Mukim Sitiawan, Perak approved for development development –
commercial and
residential

EMR 5198 Lot 4622 Planted with oil palm tree and 5.04 Proposed mixed Freehold 988,000 2001
Mukim Sitiawan, Perak approved for development development –
commercial and
residential
Geran 7419 Lot 15655 Planted with oil palm tree and 3.04 Proposed development Freehold 1,413,000 2001
Mukim Sitiawan, Perak approved for development – residential
HS(D)Dgs1673/83 PT10382 Vacant Land 0.04 Proposed mixed 99 years 46,000 2001
& (Lot No. 25893 25900) development (23.9.2082)
HS(D)Dgs 1680/83 PT10389 – residential
Mukim Sitiawan, Perak and commercial
HS(D)Dgs 830/89 PT625 Vacant Land 0.75 Proposed development 60 years 273,000 2001
Bandar Lumut, Perak – residential (7.6.2049)
Lot 1983, Lot 1984 Vacant Land 2.97 Agricultural land Freehold 249,000 2004 *
(GM1246, GM1247) land
Mukim Lumut, Daerah
Manjung, Perak
Bal Lot 6154 & 6555 & Vacant Land 50.00 Proposed for Freehold 9,045,000 2004 *
Lot 6518 Mkm Lumut clubhouse usage
(Old Lot No. 1557 &
1932) PT2789-PT2790, Perak
Lot 140, Vacant Land 0.69 Proposed mixed Freehold 177,000 2005 *
Town of Lumut, Perak development
Lot 732, 733, all in Mukim Vacant Land 0.02 Proposed mixed Freehold 89,000 2005 *
of Sitiawan, Perak development

Lot 31776-31780 PT47587- Vacant Land and approved 0.20 Proposed mixed 99 years 163,000 2001
47591 Mukim Sitiawan for development development – (5.5.2088)
(Old Lot No. 15173-15177) commercial and
Perak residential

LIST OF PROPERTIES
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)

Bal Lot 6154 & 6555 &
Lot 6518 Mkm Lumut, Perak
(Old Lot No.1557 & 1932)

- Portion for own investment Property, plant and 27.94 Agricultural/ Freehold 5,142,000 2001
(PT2781-2782) equipment for investment

- Portion for fixed asset Property, plant and 125.29 Agricultural/ Freehold 23,256,000 2001
(G28079, PT2722-2780, equipment for investment
2785, 2822-2823)
Lot 1612, Mukim Kota Lama Property, plant and 13.14 Agricultural/ Freehold 4,214,000 2001
Kiri, Kuala Kangsar equipment for investment
Lot 2795, Mukim Lumut, Property, plant and 25.00 Agricultural/ Freehold 15,261,000 2001
Daerah Manjung, Perak equipment for investment
Lot 36480 & Lot 36481, Property, plant and 25.32 Agricultural/ Leasehold 2,111,000 2011 *
Sungai Terap, Perak equipment for investment (28.11.2109)
Lot 17196 to Lot 17201, Right of use 88.97 For investment Leasehold 31,230,000 2011 *
Lot 17205-Lot 17208, Mukim (7.1.2107)
Lumut, Daerah Manjung,
Perak

Lot 198272, Mukim Hulu Property, plant and 3.00 Vacant land Leasehold 1,753,000 2014
Kinta, Daerah Kinta, Perak equipment (9.8.2052)

Lot 6555 – PT2791, Planted with oil palm tree and 25.00 Proposed mixed Freehold 5,838,000 2001
Mukim of Lumut, approved for development development –
Daerah Manjung, Perak commercial and
residential
Lot 6555 - PT2792, PT2793, Planted with oil palm tree and 36.38 Proposed Hock Chew Freehold 8,228,000 2001
PT2794, Mukim Lumut, Daerah approved for development Centre with
Manjung, Perak mixed development
Entry No.1577 Lot 712 Planted with oil palm tree and - Proposed mixed Freehold
Mukim Lumut, Perak approved for development development – 468,000 2001
Entry No. 1380 Lot 1387 4.78 commercial and Freehold
Mukim Lumut, Perak residential
HS (D) Dgs 1203/78 Lot 2740 Planted with oil palm tree and Taman Suria, Pantai Freehold
Mukim Pengkalan Bharu, Perak approved for development 7.88 Remis – commercial 1,186,000 2001
HS (D) Dgs 1204/78 Lot 2741 and residential Freehold
Mukim Pengkalan Bharu, Perak
Geran 36493, Lot 495 & Vacant Land and approved 0.70 Proposed mixed Freehold 1,230,000 2001
Geran 36944, Lot 496, for development development
Town of Lumut, – commercial and
Daerah Manjung, Perak residential
* Year of Acquisition

As at the financial period ended 30 June 2023, the Group’s revenue is mainly contributed by sale of inventories in
Kiara 163 OOAK Suites and Solasta Dutamas for projects in Kuala Lumpur, while Pusat Perniagaan Manjong Point
3 projects are the main revenue contributor for projects in the state of Perak.
The Board is pleased to inform that the Kiara 163 has obtained full Certificate of Completion and Complaince in
February 2022. As at 30th September 2023, the project was 99% sold. The management is pleased that the project
is well received by the market, and will strive to replicate the elements of success in upcoming developments.
Located in Dutamas, Kuala Lumpur, Solasta Dutamas has a Gross Development Value (“GDV”) of approximately
RM720 million, and is expected to contribute positively to the Group’s earnings for the next 3 years. As at 31 March
2023, the construction of Solasta Dutamas substructure works is almost complete. Since official launch in July 2022,
30% of total units has been convert into sales.
In Perak, Manjung Commercial Shoplots and Manjung Point Township residential units (Seri Manjung, Perak) will
continue to contribute strongly to the Group’s income.
Furthermore, the Group’s township development in Seri Manjung of approximately 700 acres will continue to
contribute to the Group’s profit for the next 20 to 30 years.
AEON Seri Manjung and Pantai Hospital Seri Manjung both fully operational together with the international school,
had improved the value of the Company’s existing and future developments of this township.
The Group is making preparations for the launch of several projects in the pipeline, namely the 1st phase of the
Project in Genting Highland, which has a GDV of RM700 million, planned for launch after the Solasta Dutamas
Project. The 1st Phase will occupy approximately 5 acres of the 95 acres land bank in Genting highland.
The Group will be venturing into Negeri Sembilan after securing a Development Order from the Kuala Pilah District
Council (Majlis Daerah Kuala Pilah or MDKP) for a 2,200 units of mixed development township with estimated GDV
of RM600 million.
The Group is also planning to develop the approximately 300 acres land bank in Tanjung Malim into a township
of more than 3000 units of mixed developments. Located near Proton City in Tanjung Malim, the project is set
to benefit from the RM30 billion foreign investment committed by Chinese automaker Zhejiang Geely Holding
Group Co Ltd pursuant to the signing of Memorandum of Understanding signed between Malaysian and Chinese
companies announced this year.
Last but not least, a prestigious project planned for the future by YNHP is the Menara YNH development. The
commercial development sits on approximately 3 acres of land on Jalan Sultan Ismail, which is located within the
Golden Triangle area of Kuala Lumpur city centre. The location of Menara YNH offers easy accessibility and close
proximity to public transport facilities. This development has an internal targeted GDV of approximately RM4 billion.
The Menara YNH mixed development will comprise the mix of hotel, service apartments and shopping mall.
Contribution from this project which includes rental income is expected to contribute positively to the Group’s
future earnings.
In terms of Corporate Developments, the Group is expected to receive RM422.5 million from the asset disposal
to an SPV pursuant to the Asset Backed Securitisation of the Kiara 163 Retail Park and Aeon Seri Manjung in 2
tranches, and is expected to complete the 1st tranche by end of FY2023 and the 2nd tranche before June 2024.

Kuala Pilah Development
I am also pleased to announce that the Group have obtained a development order from the Kuala Pilah District
Council (Majlis Daerah Kuala Pilah or MDKP) in early 2023 for a 2,200 units of mixed development township located
in the heart of Negeri Sembilan.
The township, located within proximity of Kuala Pilah town and Bahau town, will have access to readily available
amenities such as Lotus’s and Giant hypermarkets, hospitals, restaurants, banks and much more. The township is
envisioned to become an economic growth catalyst for the area, while catering to the strong demand for quality yet
affordable homes. The total Gross Development Value of the township is estimated at RM600 million.
The development of the Kuala Pilah township is expected to contribute positively to the Group’s performance over
the next five years.
Development Projects in Perak
The Manjung Point Township has provided the Group with consistent revenue over the years. The Group targets to
generate RM100 million revenue every year with both residential and commercial project launches in the coming
years utilizing a portion of the undeveloped land bank in the Manjung Point Township.
The remaining 700 acres of undeveloped land bank in Seri Manjung is expected to contribute to the Group’s
revenue for another 50 years to come.
Corporate Development
The Board is proud to announce that we have obtained the approval from shareholders for the Proposed Disposal
via EGM conducted on 1st March 2023 pursuant to the fund raising proposal via the ABS announced in 22nd
September 2022
The Company obtained shareholders approval to dispose of the assets. As this is a related party transaction, the
major shareholders have abstained from voting.
Separately, as per Company announcements, the Group is in the midst of land disposal as part of the Company’s
plans to raise cash and reduce borrowings.

Solasta Dutamas
The Solasta Dutamas is a freehold serviced apartment located within the Mont Kiara Neighbourhood. Solasta
Dutamas consists of 3 blocks of serviced apartments with a total of 1,159 units. The project’s strategic location in
a matured neighbourhood, being less than 10 km away from Kuala Lumpur City Centre, efficient unit layouts and
competitive pricing will attract young working executives who are buying their first homes and customers who
prefer to stay nearer to their work places for convenience.
Construction of the project is undertaken by our wholly owned subsidiary YNH Construction Sdn Bhd. Construction
works has reached 25% as at 30th September 2023.
Genting Highlands Development
The Company has in the final quarter of 2008 acquired 95 acres of strategic development land bank in Genting
Highlands. The Genting land is located strategically next to the Genting Highland Resort and was acquired for
RM16.05 million. The advantage of this land bank is that the purchase consideration is very low and it comes with
infrastructure. The land has already been converted to building title. The proximity to the existing Genting Highland
Resort is an advantage as the proposed development will complement the existing infrastructure. Other plus point
for this development is that it is located in a cool environment and yet only 45 minutes drive from the Kuala Lumpur
city centre.
The proposed development for this 95 acres land includes commercial units, bungalows, condominium, retail units
which will be targeted at both local and foreign investors. The estimated gross development value for this future
development is RM1.96 billion and it is expected to contribute to the Group’s earnings in the next 20 years.
The 1st phase of the proposed development is a 35-storey serviced apartment building consisting of 908 units. The
proposed phase 1 will have an estimated GDV of about RM700 million. Phase 1 of Genting Highlands Development
is in its final stages of planning, and we are targeting to launch the project end 2024, subject to the prevailing
market conditions, and final approvals from relevant authorities.

During the financial period, YNH continued to build on the growing township development in Manjung District,
Perak for stable revenue contribution, while The OOAK serviced apartments and The OOAK Suites of Kiara 163 and
Solasta Dutamas also contributed to our earnings. The Group’s FY2023 revenue (18 months) is RM307,516,997
while profit before taxation is RM20,416,799.

CORPORATE INFORMATION
Directors
Dato’ Dr. Yu Kuan Chon, DIMP, PPT, MBBS
(Chairman, Executive Director)
Dato’ Yu Kuan Huat, DPMP, PMP, AMP, PPT
(Managing Director)
Khong Kam Hou
(Senior Independent Non-Executive Director)
Oon Seow Ling
(Independent Non-Executive Director)
Ching Lee Fong
(Independent Non-Executive Director)
Audit Committee
Oon Seow Ling
(Independent Non-Executive Director) - Chairman
Khong Kam Hou
(Senior Independent Non-Executive Director) - Member
Ching Lee Fong
(Independent Non-Executive Director) - Member
Remuneration Committee
Oon Seow Ling
(Independent Non-Executive Director) - Chairman
Khong Kam Hou
(Senior Independent Non-Executive Director) - Member
Dato’ Yu Kuan Huat, DPMP, PMP, AMP, PPT
(Managing Director) - Member
Ching Lee Fong
(Independent Non-Executive Director) - Member
Nominating Committee
Oon Seow Ling
(Independent Non-Executive Director) - Chairman
Khong Kam Hou
(Senior Independent Non-Executive Director) - Member
Ching Lee Fong
(Independent Non-Executive Director) - Member
Secretaries
Chan Eoi Leng (MAICSA 7030866)
(SSM PC No. 202008003055)
Cheng Ghee Cheng (LS 0004598)
(SSM PC No. 202008002000)
Registrars
Boardroom Share Registrars Sdn. Bhd.
11th Floor, Menara Symphony
No. 5, Jalan Professor Khoo Kay Kim
Seksyen 13, 46200 Petaling Jaya
Selangor Darul Ehsan, Malaysia
Telephone No.: 03-78418000
Fax No.: 03-78418151/8152
Email: bsr.helpdesk@boardroomlimited.com
Website: www.boardroomlimited.com
Registered Office
55A, Medan Ipoh 1A
Medan Ipoh Bistari
31400 Ipoh
Perak Darul Ridzuan, Malaysia
Telephone No.: 05-5474833
Fax No.: 05-5474363
Email: boardroom-kl@boardroomlimited.com
Principal Place Of Business and Head Office
188, Jalan PPMP 3/3
Pusat Perniagaan Manjung Point 3
32040 Seri Manjung
Perak Darul Ridzuan, Malaysia
Telephone No.: 05-6881128
Fax No.: 05-6881388
Email: karsin@streamyx.com
Website: www.ynhb.com.my
Sales Office – Kuala Lumpur
Sales Gallery
Unit 03-01D, Level 3
Lot 163, 10, Jalan Perak
50450 Kuala Lumpur
Telephone No.: 03-21637700
Fax No.: 03-21627770
Sales Office – Ipoh
10, Jalan Medan Ipoh 3
Bandar Medan Ipoh Baru
31400 Ipoh
Perak Darul Ridzuan, Malaysia
Telephone No.: 05-5451945
Fax No.: 05-5451945
Auditors
Baker Tilly Monteiro Heng PLT
Baker Tilly Tower
Level 10, Tower 1, Avenue 5
Bangsar South City
59200 Kuala Lumpur
Malaysia.
Principal Bankers
Alliance Bank Malaysia Berhad
AmBank (M) Berhad
Bank Islam Malaysia Berhad
CIMB Bank Berhad
Hong Leong Bank Berhad
HSBC Bank Malaysia Berhad
Malayan Banking Berhad
OCBC Bank (Malaysia) Berhad
Public Bank Berhad
Public Investment Bank Berhad
RHB Bank Berhad
United Overseas Bank (Malaysia) Bhd.
Al Rajhi Banking And Investment Corporation
(Malaysia) Bhd.
Affin Bank Berhad
MBSB Bank Berhad
Stock Exchange Listing
Bursa Malaysia Securities Berhad
Main Market

Banyak harta :)

Background summary

The Company had decided to enter into Deed of Termination to terminate the Proposed Disposal of 163 Retail Park to ALX Asset (“Proposed Disposal 1”) as announced on 29 January 2024, as the Proposed Disposal 1 and the propose disposal of AEON Seri Manjung’s main objective was to undertake a Proposed ABS issue, which was not completed since its first announcement on 17 November 2022, as explained in our announcement dated 5 February 2024.



1. To elaborate the rationale for the Company to terminate the Disposal of 163 Retail Park to ALX Asset for disposal consideration of RM270.5 million (which was supported by the market valuation at the material date on 1 September 2022) and entered into a new SPA to dispose of the same assets to RHB Trustee for RM215 million.



The Company has decided to dispose of 163 Retail Park to RHB Trustee, being the trustee of Sunway Real Estate Investment Trust (“Sunway REIT”) (“Proposed Disposal 2”), following the termination of Proposed Disposal 1. Although, the disposal consideration for 163 Retail Park under Proposed Disposal 1 is for RM 270.5 million as compared to Proposed Disposal 2 of the same asset for RM 215.0 million, the Company views the timelines and certainty of completion is of upmost priority as it allows the Company to realise the benefit from the interest cost savings by utilising the sales proceeds that is allocated for the repayment of bank borrowings.





2. Given that there is a reduction of the disposal consideration from RM270.5 million (involving ALX Asset) to RM215 million under the current Proposed Disposal, and taking into consideration the audited NBV as at 30 June 2023 of RM234,963,931, please provide a detailed and comprehensive disclosure of the basis and justification in arriving at the Disposal Consideration of RM215 million, other than on a “willing buyer willing seller” basis.



Following the termination of Proposed Disposal 1, the Company’s basis and justification for the disposal of 163 Retail Park to Sunway REIT is the timing and certainty of completion. Hence, even though the Proposed Disposal 2 is at a discount of approximately 20.5% of the disposal consideration of Proposed Disposal 1, the settlement of the Proposed Disposal 2 could be completed within three (3) months from the unconditional date, being the date when all the condition precedents in the conditional Sale and Purchase Agreement are fulfilled.





3. To disclose the details of the identified borrowings to be repaid as part of the utilisation of proceeds and the expected amount of interest savings arising thereof.



The details of the identified borrowings to be repaid as part of the utilisation of proceeds is as follows:-





Details of utilisation





RM‘mil

% of disposal proceeds

Estimated utilisation timeframe from receipt of proceeds

Redemption of the Property (Note 1)

110.9

51.6

Immediate

Repayment of Borrowings (Note 2)

53.0

24.7

Immediate

Total

163.9

76.3







For clarity, the balance of the disposal proceeds of RM 51.1 million is allocated for working capital

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS 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")
YNH PROPERTY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
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")
Reference is made to the Company’s announcement on 16 May 2023, 14 August 2023, 13 October 2023 and 14 November 2023 in relation to the Proposed Disposal. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcement.



The Board of Directors of YNH wishes to announce that Kar Sin Berhad, the Vendor and Sunway Living Space Sdn Bhd, the Purchaser had via the letter dated 9 February 2024 mutually agreed to extend the Conditional Period (as defined in the Sale and Purchase Agreement dated 12 May 2023) for a further three (3) months after expiry of the 3rd Extension of Time of three (3) months period, thereby extending the last day of the Conditional Period to 12 May 2024 for YNH to fulfill all Conditions Precedent of the SPA (regard as "4th Extension of Time").



This announcement is dated 15 February 2024.





Announcement Info
Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 15 Feb 2024
Category General Announcement for PLC
Reference Number GA1-18012024-00054

ok ok simpan sedikit... harga lelong macam besi buruk hehe.. padan muka lky kroni mamakutty kerala hehe

RSI(14) Oversold 19.2
Stochastic(14) Oversold 0.0
Average Volume (3M) 1,011,700
Relative Volume 2.3

NTA 2.3900
P/B 0.09
RPS 17.27
PSR 1.27
Market Cap 66.0M
Shares (mil) 299.99

LKY mau masuk pasaran untuk menyapu syernya kot? hehehe


5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Intention to Deal During Closed Period
1. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Direct Interest
Description of Securities : Ordinary Shares
No of Securities Held : 77,766,389
% of Securities Held : 26.210
2. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Indirect Interest
Description of Securities : Ordinary Shares
No of Securities Held : 57,878,121
% of Securities Held : 19.500
Remarks : This announcement is made due to the intention to deal by companies
deemed interested by Tan Sri Lee Kim Yew.
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

05/03/2024 07:00 AM


Ref Code: 202403053000264

Buy some when others are fearful.... hehe

YNH — in which prominent investor Datuk Dr Yu Kuan Chon holds a 32.6% stake — , its share price was lowest in 14 years

Stay calm & cool...

On the Desa Sri Hartamas land, which YNH had planned to sell to the Sunway group but remains as an open-air car park in a prime location today.

Price Target
A price target is an analyst's projection of a share's future price.

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.50

Avg Target Price

1.85

Upside/Downside

+1.35 (270.00%)

https://klse.i3investor.com/web/stock/analysis-price-target/3158

RSI(14) Oversold 21.0
Stochastic(14) Oversold 5.3
Average Volume (3M) 26,432,100

rental rates are getting more n more attractive in KL...

www.rentinkl.com/

https://www.ynhb.com.my/residential

www.ynhb.com.my/residential

NTA 2.1900
P/B 0.23
RPS 33.53
PSR 1.48
Market Cap 261.9M
Shares (mil) 529.00

ok ok beli sedikit... nanti balik RM4 -RM5, huatlah hehe

YNHB Historical Data
Time Frame
Monthly
Download Data
03/06/2022 - 03/06/2024
Date Price Open High Low Vol. Change %
03/01/2024 0.500 0.525 0.575 0.485 7.55M -5.66%
02/01/2024 0.530 0.655 0.700 0.510 370.38M -19.70%
01/01/2024 0.660 4.240 4.480 0.555 1.12B -84.47%
12/01/2023 4.250 5.040 5.080 4.110 31.93M -13.97%
11/01/2023 4.940 5.040 5.100 4.800 6.42M -3.14%
10/01/2023 5.100 5.020 5.100 4.990 791.40K +0.20%
09/01/2023 5.090 4.980 5.100 4.950 903.10K +1.19%
08/01/2023 5.030 5.000 5.100 4.860 1.45M -0.98%
07/01/2023 5.080 4.980 5.100 4.770 1.28M +1.60%
06/01/2023 5.000 4.800 5.040 4.690 453.70K +3.09%
05/01/2023 4.850 4.940 5.200 4.200 1.62M -4.15%
04/01/2023 5.060 4.900 5.120 4.750 320.40K +2.02%
03/01/2023 4.960 4.640 4.980 4.500 2.11M +5.53%
02/01/2023 4.700 4.330 4.780 4.310 748.10K +6.82%
01/01/2023 4.400 4.150 4.500 4.120 390.50K +4.02%
12/01/2022 4.230 4.130 4.250 4.060 573.90K +1.20%
11/01/2022 4.180 4.030 4.220 3.990 635.40K +1.95%
10/01/2022 4.100 4.020 4.150 3.890 968.70K +1.49%
09/01/2022 4.040 3.800 4.050 3.790 400.90K +6.60%
08/01/2022 3.790 3.380 3.810 3.340 801.90K +12.13%
07/01/2022 3.380 3.310 3.600 3.240 741.80K +1.81%
06/01/2022 3.320 3.380 3.480 3.020 779.50K -2.06%
05/01/2022 3.390 2.880 3.450 2.800 718.60K +17.71%
04/01/2022 2.880 2.780 2.880 2.640 1.32M +4.35%

YNH Property Bhd has shown signs of recovery after a significant drop in share price earlier this year. Here are a few reasons that might contribute to its rebound:

- **Market Recovery**: After an 87% crash, YNH Property's share price increased by 44% in the past week, indicating a nascent market recovery¹.
- **Leadership Changes**: The appointment of Ms. Lee Zhi Yan as a new independent non-executive director could bring fresh perspectives and strategies to the company².
- **Financial Management**: Despite the challenges, the company has not appointed a professional firm for an independent review of its joint venture and turnkey contracts, which could be seen as a cost-saving measure¹.
- **Investor Confidence**: The involvement of tycoon Yu Kuan Chon, who is the company’s single largest shareholder and executive chairman, might instill investor confidence in the company's resilience and potential for growth¹.

2024, Asia up, USA down hehe

Apple's stock fell Monday morning after EU regulators slapped the company with a $2 billion fine.
The fine is part of the EU's push to get Apple to open up its App Store.
Investors are trying to figure out how much opening the App Store may hurt the company long term.

USA down Asia up 2024

https://www-businessinsider-com.cdn.ampproject.org/c/s/www.businessinsider.com/apple-stock-price-falls-eu-fine-app-store-problem-explained-2024-3?amp

Berjaya Food Berhad (BJFood) is expected to rebound due to several key factors:

- **Margin Recovery**: BJFood's core net profit margin is anticipated to recover as Arabica coffee prices have declined significantly from their peak, and the effects of a price hike implemented in December 2022 are realized¹.
- **Store Expansion**: The company plans robust store expansion, with an estimated 35-45 new Starbucks Malaysia stores per year, compared to an average of 26 per year in the past five years. This expansion is expected to drive sales growth¹.
- **Cost Management**: There's an expectation of margin expansion as input costs ease from the second half of FY24F onwards¹.
- **Tourism Rebound**: A rebound in tourism, especially from the seasonally stronger fourth quarter of CY23 onwards, is likely to contribute to increased revenue¹.

These factors combined suggest a positive outlook for BJFood, with projections of net profit growth and revenue increases in the coming fiscal years¹.

YNH Property Berhad is recognized for its commitment to delivering high-quality residential and commercial developments in prime locations across Malaysia. Here are some key aspects that highlight the goodness of YNH Property Berhad:

- **Innovative and Sustainable Properties**: They focus on creating properties that are both innovative and sustainable, catering to the diverse needs of modern communities¹.
- **Prime Locations**: Their developments are situated in sought-after areas such as Kuala Lumpur, Seri Manjung, and Negeri Sembilan, which are known for their urban sophistication and serene living environments¹.
- **Established Legacy**: Since its establishment in 1982, YNH Property Berhad has been dedicated to transforming landscapes and crafting vibrant communities².
- **Competitive Pricing**: Strategic land acquisitions have allowed them to offer competitive pricing while maintaining high standards in their projects².
- **Experienced Management**: The company's growth is propelled by a hands-on, entrepreneurial management team with a track record of efficiency and excellence².

These factors contribute to YNH Property Berhad's reputation as a top property developer in Malaysia, known for its exceptional developments and investment opportunities[^2

Value buy, white knight on the way

Usah takut, bertahan ya :)

Dalam Julat harga 10sen+/- tempohmasa pendek. Ramai traders muncul

Volatility dah balik. Big fight in the short run

Balik rm1-rm2 after 1 year pun syiok hehe

After few years, bAck to rm5+ again hehe

**YNH Property Berhad** is a prominent property developer in Malaysia, known for its upscale residential and commercial projects. Founded in **1982**, YNH Property Berhad has a legacy of excellence and a commitment to transforming landscapes and creating vibrant communities. Here are some key points about YNH Property Berhad:

1. **Vision and Passion**:
- YNH Property Berhad is guided by the vision of its founder, **Dato’ Yu Neh Huat**, who is passionate about unifying people and rebuilding lives.
- Their passion for urban life drives them to create exceptional living experiences and investment opportunities.

2. **Prime Locations**:
- YNH focuses on prime locations, including:
- **Kuala Lumpur**: The heart of Malaysia.
- **Seri Manjung**: A serene coastal town in Perak.
- **Negeri Sembilan**: A state with diverse needs.

3. **Residential and Commercial Properties**:
- YNH develops both residential and commercial properties.
- Notable projects include:
- **Mont Kiara**: An upscale neighborhood in Kuala Lumpur.
- **KLCC**: The iconic Kuala Lumpur City Centre.

4. **Innovation and Sustainability**:
- YNH is committed to delivering innovative and sustainable properties.
- They cater to the diverse needs of modern Malaysian communities.

5. **Current Projects**:
- Some ongoing and upcoming projects:
- **The Mansion Bungalow Land** (Klang Valley)
- **Solasta Dutamas Mont Kiara**
- **OOAK Suites and Residence Mont Kiara**
- **UNION Shop Kampar, Ipoh**
- **Taman Aman Muhibbah Sitiawan**
- **Panchor Damai Pantai Remis**
- **PPMP Shop Seri Manjung**
- **Taman Desa Manjung Seri Manjung**
- **Pangsapuri Samudera 1 Seri Manjung**
- **Residensi Bangsar South (Upcoming)**
- **Mid Valley Kuala Pilah (Upcoming)**

6. **Legacy of Excellence**:
- YNH Property Berhad's award-winning team is dedicated to elevating Malaysia's urban landscape.
- They focus on competitive pricing, strategic land acquisitions, and strong management.

Discover your dream home with YNH Property Berhad and explore their contemporary living spaces and investment opportunities across Malaysia's most prestigious neighborhoods¹⁴.

share swap with ytl or sunway and become a subsi of them should be good

naiklah naiklah VT dah tengking/tegur mereka yang teramat bodoh dan naif hehe

maybe, the founders are talking to sunway, let go their stakes to sunway... waiting for happy ending or golden handshake ya

Bro VT tew mereka baru insaf dan sedar hehe

kutip dividen 4.2sen sambil makan roti canai kawan, dll. hehehe

it should rebound moderately :)

today, a big rise is expected... hehehe

challenging times, lebih ramai hanya mampu makan dan beli frozen foods makan kat rumah/ofis hehe

direct deal yg indah hehe

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/02/2024 00:00:00 0.6000 0.0400 3.205m 21.210m 1.923m 12.726m 0.6000 0.1646 -
06/02/2024 00:00:00 0.6000 0.0400 7.400m 21.210m 4.440m 12.726m 0.6000 0.3799 -
06/02/2024 00:00:00 0.6000 0.0400 10.605m 21.210m 6.363m 12.726m 0.6000 0.5445 -
31/01/2024 00:00:00 0.6100 0.0500 10.716m 10.716m 6.537m 6.537m 0.6100 0.5502 -
13/12/2023 00:00:00 0.6700 0.0400 30.452m 30.452m 20.403m 20.403m 0.6700 1.5635 -
03/11/2023 00:00:00 0.7100 - 77.300m 86.000m 54.883m 61.060m 0.7100 3.9689 -
03/11/2023 00:00:00 0.7100 - 8.700m 86.000m 6.177m 61.060m 0.7100 0.4467 -
26/09/2023 00:00:00 0.7200 -0.0300 29.500m 29.500m 21.240m 21.240m 0.7200 1.5147 -
12/09/2023 00:00:00 0.6850 0.0100 20.000m 20.000m 13.700m 13.700m 0.6850 1.0269 -
28/08/2023 00:00:00 0.6900 - 23.000m 23.000m 15.870m 15.870m 0.6900 1.1809 -

direct biz deals yg indah :)

17/01/2024 00:00:00 2.1900 0.4600 2.406m 2.406m 5.268m 5.268m 2.1900 0.4548 -
16/01/2024 00:00:00 2.9000 0.4300 2.720m 4.720m 7.888m 13.688m 2.9000 0.5142 -
16/01/2024 00:00:00 2.9000 0.4300 1.000m 4.720m 2.900m 13.688m 2.9000 0.1890 -
16/01/2024 00:00:00 2.9000 0.4300 1.000m 4.720m 2.900m 13.688m 2.9000 0.1890 -
08/01/2024 00:00:00 3.9000 -0.2000 540,000 540,000 2.106m 2.106m 3.9000 0.1021 -
22/12/2023 00:00:00 4.1000 -0.3700 218,000 500,000 893,800 2.050m 4.1000 0.0412 -
22/12/2023 00:00:00 4.1000 -0.3700 249,000 500,000 1.021m 2.050m 4.1000 0.0471 -

Up again today... VT dah tew mereka yang bodoh hehehe

banyak valuable landbanks untuk dijual, dll... buy a bit ya!

Hope4the best :)

YNH Property Bhd is disposing of a piece of freehold land measuring 5.098 acres (2.06 hectares) in Desa Seri Hartamas to the Sunway group for RM170 million cash.


YNH will receive an additional RM50 million cash from the Sunway group should it manage to obtain a new development order (DO) from the authorities for a project with a minimum plot ratio of seven on its net land area (NLA) within one year from the date of the signing of the sales and purchase agreement (SPA). The land has an existing DO for a minimum plot ratio of five on the NLA.

The sale will still stand if YNH fails to get the new DO, according to the group's filing with the stock exchange.

"The additional RM50 million acts as an incentive for our group to obtain a new DO for the purchasers. We agreed with this additional clause because we are confident we will be able to obtain the new DO leveraging on our track record and expertise in this area as well as the strategic location of the land bank. Naturally, with a new DO, the value of this land bank will increase,” said YNH general manager James Ngio in a separate statement.

The RM50 million will be placed with the lawyers of the purchasing parties as stakeholders, YNH said, and will be disbursed to YNH upon fulfilling the additional consideration clause.

YNH's wholly owned Kar Sin Bhd last Friday (May 12) entered into an SPA with Sunway Living Space Sdn Bhd, a unit of Sunway City Sdn Bhd, for the divestment. Sunway City is a wholly owned subsidiary of Sunway Bhd.

“We are excited to add this prime land to our portfolio, and to continue our commitment to creating vibrant integrated communities. This acquisition comes ready with an approved DO with a plot ratio of five, and we target to launch this development by early 2025,” said Sarena Cheah, the managing director of Sunway's property arm, Sunway Property, in a press statement.

“This underscores our confidence in the Malaysian property market, and we are confident that this development will be highly desirable among our multiple customer segments.”

Accessibility to the development includes the Sprint Penchala Link and Kerinchi Link as well as nearby amenities in Seri Hartamas and Mont Kiara, such as shopping malls, international schools and medical facilities.

Sunway Property currently has a total land bank of 3,063 acres, with a potential gross development value (GDV) of RM48.9 billion over a period of more than 15 years.

YNH's third asset disposal in 12 months

The latest land sale is YNH's third asset disposal over the last 12 months, after it sold two retail malls — the 163 Retail Park in Mont Kiara and AEON Mall Seri Majung in Perak — to ALX Asset Bhd in March this year for RM423 million cash.

At the time, YNH said the disposals were to provide it more leeway to secure future funding to finance other projects, as well as for the launch of its flagship Menara YNH project, which carries an estimated GDV of RM3 billion.

The Menara YNH project has been delayed several times since 2006, with the termination of deals with two prospective buyers in the past, namely Singapore's property giant CapitaLand Ltd and Kuwait Finance House.

Proceeds from the latest disposal, meanwhile, will be used for working capital and to pare down its bank borrowings to RM733 million from RM951.81 million at end-December 2022, which will reduce its gearing from 0.65 times to 0.59 times, and give rise to interest savings of RM3.77 million per annum. The group's cash and bank balances stood at RM48.67 million, as opposed to RM34.15 million at end-December 2021.

The disposal, which is estimated to be completed in three months, will also result in an estimated gain of RM2.6 million, after taking into consideration the disposal's estimated expenses of RM800,000.

YNH executive chairman Datuk Dr Yu Kuan Chon is the group’s single largest shareholder with a 32.6% stake, 24.4% directly owned and 8.2% indirectly owned. His brother Datuk Yu Kuan Huat, who is YNH's managing director, holds 29.4% — 4.5% directly held and 24.9% indirectly held.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Future prospects
The Directors are of the view that the operating performance of the Group will show improvement in the remaining
quarters of the financial year ending 30 June 2024.
The Board of Directors believes that the operating performance results will rebound and regain momentum,
considering the current situation as short-term and things are anticipated to progress positively moving forward