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YNH Property expects RM305.9 mil net gain from Jalan Sultan Ismail land sale

YNH Property Bhd (YNHP) has provided additional disclosures on its RM455 million disposal of a freehold commercial development parcel along Jalan Sultan Ismail in Kuala Lumpur, including details on the property’s valuation, audited net book value, estimated gain on disposal and key terms of the redeemable preference shares (RPS) forming part of the consideration.

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KIP REIT calls unitholder vote on RM435 mil Setapak mall buy

KIP Real Estate Investment Trust (KIP REIT) has issued a circular to unitholders seeking approval for its proposed RM435 million acquisition of Setapak Central Mall in Kuala Lumpur and a concurrent private placement of up to 220 million new units, ahead of a July 23 unitholders’ meeting.

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