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.
KUALA LUMPUR (March 10): Chin Hin Group Property Bhd (CHGP) is looking to diversify its business to include construction through the acquisition of a 45% stake in Aima Construction Sdn Bhd for RM31.5 million. The group is currently involved in the assembly and sales of new and rebuilt commercial vehicles and property development.
CHGP said the proposed acquisition will enable the group to tap into the construction industry, which is complementary to its existing property development business.
CHGP has entered into a conditional share sale agreement with Uniplaza Sdn Bhd for the proposed acquisition, which will be fully satisfied via issuance of up to 35.8 million new shares in CHGP at an issue price of 88 sen per share. The
Chin Hin Group Property to acquire 45% stake in Aima Construction for RM31.5 million
The proposed acquisition will cement the Company s goal to transform into a major property and construction player in Malaysia.
KUALA LUMPUR, Mar 10, 2021 - (ACN Newswire) - Chin Hin Group Property Berhad (CHGP; 7187), a Bursa Main Market listed company primarily involved in assembly and sales of new and rebuilt commercial vehicles as well as property development, announced today its proposed acquisition of 45% equity in Aima Construction Sdn Bhd ( Aima ), signifying its interest to venture into the construction industry.
Aima Construction Sdn Bhd Chairman Mr Khor Ooi Min, Aima Construction Sdn Bhd Managing Director Mr Khor Ken Yeon; Chin Hin Group Property Berhad Executive Director Mr Chiau Haw Choon, Chin Hin Group Property Berhad Chairman Datuk Seri Chiau Beng Teik at the signing ceremony held this morning (L-R).
KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, companies in focus on Thursday (March 11) may include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Hartalega Holdings Bhd, Alcom Group Bhd, UMW Holdings Bhd, Malaysia Airports Holdings Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Bermaz Auto Bhd, Chin Hin Group Property Bhd, Vizione Holdings Bhd and SEG International Bhd.
Press Metal Aluminium Holdings Bhd has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. The group said the bonus issue is in line with the group s objective of rewarding its shareholders, apart from cash dividends.
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