Chin Hin to acquire 51.5% in CHGP, proposes bonus issue

KUALA LUMPUR: Chin Hin Group Bhd has entered into a sale and purchase agreement with Datuk Seri Chiau Beng Teik, Chiau Haw Choon and Divine Inventions Sdn Bhd involving 176.61 million ordinary shares in Chin Hin Group Property Bhd (CHGP).

The proposed acquisition is deemed a related party transaction with the shares representing 51.5 per cent equity interest and 37.56 million warrants in CHGP worth RM88.86 million.