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YNH Property Berhad and Rapid Synergy Berhad face a bombshell RM 239.5 million joint venture scandal, with hidden transactions and potential conflicts of interest involving close family members of the Yu Syndicate.
YNH Property's RM500 million asset sale is exposed as shareholder fraud, involving false claims of independence between ALX Assets Berhad and YNH Property Bhd. The YU Syndicate is suspected of involvement in this fraudulent deal.
Rapid Synergy Bhd's executive director, YU KUAN CHON, deceives the Malaysia Security Commission, hiding CHAN WENG FUI's status as a related party and employee, breaching regulations and risking company delisting.
YNH Property Bhd minority shareholders face deceit as controlling shareholders execute fraudulent transactions with the YU Syndicate. Unravel the complex web of related-party dealings and their impact on shareholders' value.
Discover how the YU Syndicate, led by YU KUAN CHON and YU KUAN HUAT, allegedly uses YNH Property and Rapid Synergy to create imaginary business deals, defrauding minority shareholders and lenders with their long-term deceptive practices.