Urban Renewal Act a top priority, says Housing and Local Govt Ministry
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| 13/01/2025
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YNH Property surges 11% to three-week high after default remedy
KUALA LUMPUR (April 29): Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme that led to a downgrade by MARC Ratings recently.
YNH rose as much as 11% to 50 sen, its highest since April 8, 2024. The stock was trading at 49 sen, still up about 9%, at 9.35am after 13.67 million shares changed hands and broadly outperformed peers in the property sector and the country’s benchmark index FBM KLCI.
Read alsoYNH says it has remedied ‘technical default’ involving sukuk programme
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Source: EdgeProp.my
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