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KUALA LUMPUR: Chin Hin Group Bhd recorded a jump in net profit to RM15.16mil in the first quarter ended March 31, 2021, as compared to RM1.43mil in the prevous corresponding quarter on the back of improved sales revenue. ....
THE earnings season for the fourth and final quarter of 2020 has yet to come to an end a one-month extension was given by the regulators as a temporary relief measure because of the Covid-19 pandemic but based on companies that have already submitted their reports, results are encouraging. A quick look at 270 listed companies on Bursa Malaysia with a market capitalisation of RM500 million or more shows that 151 recorded an improvement in quarterly earnings while 119 reported a decline. RHB Research, in a March 2 strategy note, describes the December 2020 quarter as encouraging, with 2021-2022 forecast core earnings still largely intact notwithstanding a last-minute RM2.83 billion global settlement provision by AMMB Holdings Bhd and excluding positive earnings revisions for rubber glove stocks. ....
From left: Aima Construction Sdn Bhd chairman Khor Ooi Min, Aima Construction Sdn Bhd managing director Khor Ken Yeon, Chin Hin Group Property Bhd executive director Chiau Haw Choon and Chin Hin Group Property Bhd chairman Datuk Seri Chiau Beng Teik. (CHGP) has proposed to acquire 45% stake in Aima Construction Sdn Bhd for RM31.5mil, aiming to transform into a major property and construction player in Malaysia. It has inked a conditional share sale agreement with Uniplaza Sdn Bhd for the proposed acquisition of ordinary shares in Aima which would be fully satisfied via the allotment and issuance of up to 35.79 million new ordinary shares in CHGP at an issue price of 88 sen per share. ....
Chin Hin Group buys 31% of Signature International phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
Chooi is the group executive director and a major shareholder of Signature. The acquisition would allow Chin Hin to venture into kitchen, home and living solutions as compared to its focus on building materials currently, according to its managing director Chiau Haw Choon. “Signature Group’s products are not only supplied to property development projects but also directly to consumers through its various retail outlets, which will enable the group to tap into the business-to-consumer segment. “Synergistic benefits are expected to arise from the acquisition as both the group and Signature are operating in and servicing the same industry, namely the construction and property development industry, ” he said in a statement. ....