The partnership is an initiative to allow homebuyers to customise their living spaces for renovations and interior design.

Dedaun Rimba is a 12.7-acre low-density, gated-and-guarded development comprising 68 units of three-storey link houses and 196 units of 1½-storey townhouses.

Consequently, YNH had to terminate the RM270.5 million sale on Jan 26, about 14 months after YNH had sealed the deal.

Chin Hin, which owned a 28.72% stake in Signature as at Jan 16, is proposing to buy another 4.77% stake from Teoh Hai Hin and Por Tong Eng for RM25.45 million cash or 84 sen per share.

Earnings per share grew to 0.54 sen for 3QFY2024 from 0.2 sen a year ago.

Net income rose to RM9.95 million or 1.90 sen per unit for 3QFY2024, from RM8.33 million or 1.60 sen per unit a year ago.

This move is consistent with the Titijaya group's growth strategy, which involves expanding its land portfolio and investing in strategically located development properties within the Klang Valley.

The value of RM27 million, negotiated on a willing buyer, willing seller basis, is in line with the independent market valuation of RM28.2 million commissioned by MTrustee. 

The group said it is seeking further business opportunities in the construction and property development industry.

However, AZRB clarified that AZSB is not a major subsidiary of the company, and it does not anticipate any financial or operational impact due to the petition.