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YNH Property's Share Price Surges
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Overview
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Yan Hong Real Estate (YNH Property) sees significant share price increase and appoints new audit committee, amidst a market sell-off. The company's year-to-date share price has dropped 79.88% due to previous disclosure of substantial inventories in JV and turnkey contracts.
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How might the appointment of a new audit committee impact investor confidence in YNH Property?
How might the appointment of a professional firm for an independent review of JV and turnkey contracts affect the company's future operations and financial position?
What strategies could YNH Property employ to address the significant decline in its share price?
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