YNH shareholders okay RM423mil asset disposal

PETALING JAYA: Shareholders of YNH Property Bhd have greenlighted the disposal of Kiara 163 Retail Park and AEON Seri Manjung for a total of RM422.5mil in cash to ALX Asset Bhd at an EGM held yesterday.

YNH’s independent non-executive director Ching Nye Mi said the disposal will generate an infusion of RM422.5mil into the YNH group.

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