YNH appoints UHY as "special independent reviewer"

KUALA LUMPUR: YNH Property Bhd has appointed UHY as a special independent reviewer to independently assess “certain joint ventures and turnkey contracts” entered into by its subsidiary, Kar Sin Bhd.

The independent assessment was initiated following the qualified opinion issued by YNH’s former statutory auditor, Baker Tilly Monteiro Heng PLT, over a RM1.1bil sum the group paid to JV parties or landowners for property development work.