YNH sells 50% of Menara YNH for RM920m

Posted on | January 16, 2008

BY THE EDGE

KUALA LUMPUR: YNH Property Bhd’s sub-subsidiary, YNH Land Sdn Bhd, is selling 50% of Menara YNH to Kuwait Finance House (Malaysia) Bhd (KFHMB) for RM920 million, YNH said yesterday.

In a statement, YNH said YNH Land had accepted an offer from KFHMB to purchase the en-bloc interest of 50% of the proposed 45-storey office tower. It said the sale and purchase agreement would be formalised at a later date.

Sited on a three-acre land in the Golden Triangle here, Menara YNH is a 45 storey-single iconic office tower with two wings that sit on a premier retail podium.

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