YNH Property Bhd is selling a 50 per cent stake in its commercial development to be located in the "Golden Triangle" of Kuala Lumpur to Kuwait Finance House (Malaysia) Bhd for RM920 million. YNH Property told Bursa Malaysia yesterday that the development will be a 45-storey single office tower with two wings in a premier and luxury retail platform or podium. The commercial development sits on a 1.2ha (three-acre) site along Jalan Sultan Ismail. The land is to be developed by YNH Land Sdn Bhd, a subsidiary of YNH Property.
(16-1-2008 New Straits Times)
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