YNH Property Bhd which prides itself as a premier developer of upscale residential and commercial properties has unveiled a strategic decision to conserve cash reserves by exercising its contractual right to defer the upcoming coupon payments under its Perpetual Securities Issuance Programme.
The deferral relates to coupon payments originally scheduled for Jan 30, 2026 in respect of PZ200008 and Feb 9, 2026 in relation to PZ190009.
Notices of the coupon payment deferrals together with the required compliance certificates have been duly issued to the Facility Agent and Trustee today (Jan 23).
On this note, the group wishes to clarify that this deferral is a feature of the Perpetual Securities structure and does not constitute an event of default.
Under the structure of the Perpetual Securities, YNH has the flexibility to defer coupon payments in accordance with the Trust Deed.
Importantly, the deferred coupons are cumulative. This means the unpaid amounts are not written off; instead, they will continue to accrue in accordance with the Trust Deed and remain payable to holders of the Perpetual Securities at a later date.
The election to defer reflects a prudent approach to capital and liquidity management. By retaining cash within the group, YNH is able to priorite the deployment of resources toward its on-going development projects, income-generating assets and operational requirements, supporting project continuity and long-term value creation for stakeholders.
“Perpetual securities are designed to give issuers flexibility in managing capital across cycles,” commented the YNH board on the group’s capital management approach.
“The board’s decision reflects a deliberate choice to prioritise project continuity and disciplined execution at this stage while preserving long-term value for all stakeholders.”
Moving forward, YNH remains focused on stabilising its operational footing. Its management is actively monitoring the group’s cash flow position and will continue to balance its capital commitments between project delivery and debt service obligations.
At the close of today’s (Jan 23) market trading, YNH was unchanged at 27 sen with 367,000 shares traded, thus valuing the company at RM143 mil. – Jan 23, 2026
