YFG terminates Kuantan PR1MA homes contract
KUALA LUMPUR: Practice note 17 (PN17) affected issuer, YFG Bhd 
said it has terminated a RM127mil contract to build PR1MA homes in Kuantan, Pahang.
"The notice of termination was served to the developer Seri Ceka Sdn Bhd (SCSB) as the required contract was not formalised within the stipulated three-month time period, owing to the project funding issue on the part of SCSB," it said in a filing with Bursa Malaysia today.
The termination notice was issued by wholly owned YFG Engineering Sdn Bhd on Apr 25.
The company, in January, said it was awarded a contract to build 666 semi-detached single storey PR1MA homes and 74 units of shop lots in Kuantan for RM127mil.The termination notice was issued by wholly owned YFG Engineering Sdn Bhd on Apr 25.
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