AJIYA
Ajiya Berhad
Company Background
Chin Hin Group to Increase Stake in Ajiya to 66.36%
Chin Hin Group Bhd (CHGB) has proposed to increase its stake in Ajiya Bhd by another 12.27 per cent through the acquisition of 38.37 million additional shares for RM54.2 million -- a move that would bring its shareholding in the latter to 66.36 per cent.
In a filing with Bursa Malaysia today, the group said it has entered into a Share Sale Agreement (SSA) with Ajiya’s major shareholder, Yeo Ann Seck for the acquisition on the basis of RM1.45 for each ordinary share held.
CHGB said the acquisition would allow the group to further consolidate its interest in Ajiya, a manufacturer and supplier of building materials, adding that it will also enhance the overall earnings attributable to shareholders and further improve shareholder value.
"The proposed acquisition is also in line with CHGB’s objective of increasing its stakes in companies with good profitability and potential for future growth which will then contribute positively to the group’s consolidated profitability,” it said.
Ajiya’s prospects are closely related to the construction and property development industry. As such, CHGB believes that it is poised to benefit from the various impetus for the construction industry in Malaysia, including the anticipated recovery of the property development and construction industry.
The group added that the exercise will be funded from internally generated funds and borrowings, the proportion of which will be determined at a later date.
To-date, Ajiya’s issued share capital stood at RM98.88 million, comprising over 304.58 million ordinary shares. - Bernama
$AJIYA / 7609 (AJIYA BERHAD)
$CHINHIN / 5273 (CHIN HIN GROUP BERHAD)
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A: PROPOSED PROVISION OF FINANCIAL ASSISTANCE OF UP TO RM250.0 MILLION IN THE FORM OF LOAN TO CHIN HIN GROUP BERHAD, THE HOLDING COMPANY OF AJIYA BERHAD ("AJIYA" OR "COMPANY") ("PROPOSED PROVISION OF FINANCIAL ASSISTANCE"); AND PART B: INDEPENDENT ADVICE LETTER TO NON-INTERESTED SHAREHOLDERS OF AJIYA IN RELATION TO THE PROPOSED PROVISION OF FINANCIAL ASSISTANCE
General Meetings: Notice of Meeting
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSAJIYA BERHAD ("AJIYA" OR THE "COMPANY")
PROPOSED PROVISION OF FINANCIAL ASSISTANCE
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSAJIYA BERHAD ("AJIYA" OR THE "COMPANY")
PROPOSED PROVISION OF FINANCIAL ASSISTANCE
Change in Financial Year End
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS (Amended Announcement)AJIYA BERHAD ("AJIYA" or the "Company") DISPOSAL OF ALL THAT PIECE OF FREEHOLD LAND BY THAI AJIYA SAFETY GLASS CO., LTD., A 99.99% OWNED SUBSIDIARY OF AJIYA FOR A TOTAL CASH CONSIDERATION OF 208,000,000.00 BAHT (EQUIVALENT TO RINGGIT MALAYSIA TWENTY-SIX MILLION SEVEN HUNDRED NINETY THOUSAND SIX HUNDRED FIFTY-NINE (RM26,790,659) ONLY
KUALA LUMPUR: Ajiya Bhd’s 99.99% owned subsidiary Thai Ajiya Safety Glass Co Ltd (TASG) has disposed of a piece of freehold land and property in Thailand for RM26.79mil.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSAJIYA BERHAD ("AJIYA" or the "Company")
DISPOSAL OF ALL THAT PIECE OF FREEHOLD LAND BY THAI AJIYA SAFETY GLASS CO., LTD., A 99.99% OWNED SUBSIDIARY OF AJIYA FOR A TOTAL CASH CONSIDERATION OF 208,000,000.00 BAHT (EQUIVALENT TO RINGGIT MALAYSIA TWENTY-SIX MILLION SEVEN HUNDRED NINETY THOUSAND SIX HUNDRED FIFTY-NINE (RM26,790,659) ONLY
Chin Hin Group Bhd has accepted a RM250mil loan from Ajiya Bhd.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSAJIYA BERHAD ("AJIYA" OR THE "COMPANY")
PROPOSED PROVISION OF FINANCIAL ASSISTANCE
Quarterly rpt on consolidated results for the financial period ended 29/02/2024 (Amended Announcement)
Quarterly rpt on consolidated results for the financial period ended 29/02/2024
General Meetings: Outcome of Meeting
PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY AND PROPOSED RENEWAL OF SHAREHOLDERS MANDATE, AND PROPOSED NEW SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
Annual Report & CG Report - 2023
General Meetings: Notice of Meeting
OTHERSPROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY; AND
PROPOSED RENEWAL OF SHAREHOLDERS MANDATE AND PROPOSED NEW SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSAJIYA BERHAD (AJIYA OR COMPANY)
PROPOSED ACQUISITION OF 100,000 ORDINARY SHARES REPRESENTING 10% OF THE TOTAL ISSUED SHARE CAPITAL OF AJIYA SAFETY GLASS SDN BHD FROM FORESIGHT AIM SDN BHD FOR A PURCHASE CONSIDERATION OF RM9,000,000.00
Quarterly rpt on consolidated results for the financial period ended 30/11/2023
OTHERSDEALINGS IN QUOTED SECURITIES PURSUANT TO PARAGRAPH 9.20 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Changes in Director's Interest (Section 219 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - CHIN HIN GROUP BERHAD (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATIN SERI WONG MEE LENG (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR CHIAU HAW CHOON (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DIVINE INVENTIONS SDN BHD (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PP CHIN HIN REALTY SDN BHD (Amended Announcement)
Changes in Director's Interest (Section 219 of CA 2016) - MR CHIAU HAW CHOON (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP (Amended Announcement)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - PP CHIN HIN REALTY SDN BHD