Chin Hin Group Berhad

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.
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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.
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"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.
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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.
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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)

$CHINHIN / 5273 (CHIN HIN GROUP BERHAD)

Earlier took a huge hit and retraced from the RM 3 levels all the way back towards RM 2

Now if able to form a double bottom support, a breakout from its RM 2.22 major resistance levels could suggest a potential rebound soon

Monitoring closely. Not a buy/sell call. Do not buy based on this sharing.

Support: RM 2.13, RM 2.05, RM 2 areas
Resistance: RM 2.22, RM 2.30, RM 2.42 areas

$CHINHIN / 5273 (CHIN HIN GROUP BERHAD)

PETALING JAYA: Chin Hin Group Bhd has acquired substantial stakes in two data centre specialist firms totalling RM51.5mil.

OTHERSPRESS RELEASE: CHIN HIN VENTURES INTO BOOMING DATA CENTER MARKET WITH RM51.5 MILLION ACQUISITIONS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSCHIN HIN GROUP BERHAD ("CHIN HIN OR THE COMPANY")

PROPOSED ACQUISITIONS

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

Changes in Director's Interest (Section 219 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

PROVISION OF FINANCIAL ASSISTANCE

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) - DATUK SERI CHIAU BENG TEIK, JP (Amended Announcement)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period (Amended Announcement)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

Changes in Director's Interest (Section 219 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

Changes in Director's Interest (Section 219 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSCHIN HIN GROUP BERHAD ("CHIN HIN" or "THE COMPANY")
- ACQUISITION OF SHARES IN CHIN HIN GROUP PROPERTY BERHAD

OTHERSCHIN HIN GROUP BERHAD
- ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.20 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

Changes in Director's Interest (Section 219 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSCHIN HIN GROUP BERHAD ("CHIN HIN" OR "THE COMPANY")
- PROPOSED ACQUISITIONS

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

Changes in Director's Interest (Section 219 of CA 2016) - DATUK SERI CHIAU BENG TEIK, JP

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - DATUK CHENG LAI HOCK

$SLVEST / 0215 (SOLARVEST HOLDINGS BERHAD)
$CHGP / 7187 (CHIN HIN GROUP PROPERTY BERHAD)
$CHINHIN / 5273 (CHIN HIN GROUP BERHAD)